The Commerce Department said that the US homebuilding rose to the highest level of the year in October, where housing starts jumped 13.7% to a seasonally adjusted yearly rate of 1.29M units, while building permits added 5.9% to a 1.30M unit rate in October.
The Sterling appreciated against the US Dollar on the weak retail sales figures for the UK on Thursday.
The Labour Department revealed that the US consumer inflation eased to 0.1% from 0.5% in October, while its core figure appreciated to 0.2% in the same period.
The Sterling fell against the US Dollar on disappoint UK consumer inflation report.
The Treasury Department stated that the US Federal Government had a deficit of $63B over the course of October, where higher spending was attributed to disaster relief after a hurricane season.
The stronger-than-anticipated report on the UK manufacturing production resulted in a modest increase of the British Pound.
The JOLTS report showed that demand for workers in the US remained solid, with 6.1M job openings registered in September.
The JOLTS report showed that demand for workers in the US remained solid, with 6.1M job openings registered in September.
The JOLTS report showed that demand for workers in the US remained solid, with 6.1M job openings registered in September.
In result of the previous trading session the Pound managed to recover some lost positions amid sell-off of the Dollar.
The Labour department revealed that the US job growth sped up in October, while the yearly wage growth as well as participation rate fell in the reported period, clouding the outlook of the job market.
The British Pound plummeted sharply against the Greenback, as the Bank of England announced changes in its monetary policy.
The Sterling touched the new high against the Greenback after the PMI for the UK manufacturing sector was released.
The US Commerce Department showed that consumer spending, which constitutes nearly two-thirds of the US economic output, grew 1.0% in September, the strongest gain since 2009, after a modest 0.1% rise in the prior month.
The US Commerce Department showed that consumer spending, which constitutes nearly two-thirds of the US economic output, grew 1.0% in September, the strongest gain since 2009, after a modest 0.1% rise in the prior month.
The Commerce Department revealed that the US gross domestic product marked a 3.0% yearly growth pace in the third quarter, fuelled by higher business investment, while consumer spending growth eased slightly as incomes were hurt by hurricanes.
The National Association of Realtors revealed that there was no change in the number of pending home sales in September.
The Commerce Department showed that the US durable goods rose 2.2% for the month of September, owing to higher demand for transportation equipment.
The preliminary PMI report for the US services and manufacturing sectors showed better-than-expected readings of 55.9 and 54.5, respectively.
The National Association of Realtors reported on Friday that the US existing home sales gained 0.7% to a seasonally adjusted yearly rate of 5.39M in September.
The National Association of Realtors reported on Friday that the US existing home sales gained 0.7% to a seasonally adjusted yearly rate of 5.39M in September.
The British Pound fell sharply against the Greenback on the report showing stronger-than-expected drop in the country's retail sales.
The Sterling was suffering the third straight day of weakness against the US Dollar on mixed job data for Britain yesterday morning.
The GBP/USD exchange rate retreated from the peak to start a downward trend after a decent UK economic data.