US Data Smashes Expectations - MI271023

October 27, 2023
US Data Smashes Expectations - MI271023

The US had a raft of data out yesterday that came in well above expectations. Durable goods orders came in at 4.7% growth against an expected 1.5% growth and annualised GDP came in at 4.9% growth ahead of an expected 4.2%.

Conversely this caused the Dollar to weaken against the Pound as the intricacies around central bank rate hikes continue.

The Dollar continues to be the major currency in the spotlight today as the US releases it's personal consumption and expenditure numbers later.

Going into the weekend it's quiet for news ahead of Monday morning when the Nationwide releases it's UK house price figures and Germany releases it's GDP number.

Business news remains relatively light as global news stories dominate proceedings.

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Economic calendar

US: 13:30 Personal Consumption and Expenditure

UK: Monday 07:00 Nationwide House Prices

GER: Monday 07:00 GDP Data

As ever we look forward to keeping you in the loop and look out for our next update.
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