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GBP/USD Daily Forecast – 16 January

Tuesday, Jan 16 2018
GBP/USD Daily Forecast – 16 January

Yesterday's session brought Rightmove HPI figures. Early traffic data indicates a busy start to 2018, with Rightmove visits up by an average of over 9% so far in January compared to same period last year, averaging over 4 million visits per day. Average price of property coming to market is up 0.7% (+£2,067) this month on Rightmove, tracking over 90% of the UK property market, similar to the 0.6% rise at this time a year ago with virtually identical number of properties coming to market.

To have the best chance of a successful sale this year, sellers should note that buyers are still price-sensitive with sales agreed numbers in the last quarter of 2017 down 5.5% on the same period a year ago and that sellers of properties suitable for first-time buyers set to have greatest chance of sales success following last Autumn’s stamp duty saving boost.

 

Tomorrow's session will bring UK CPI and PPI figures. CPI is expected to decrease to 3.0%, while PPI Infut should fell to 0.5%. There will be no major dana release in the US part of the session.

 

Figures to watch:

 

CPI/PPI (Tuesday 10:30)

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