<ul><li>I am sorry and have made mistakes</li><li>It is right to make changes to economic approach</li><li>Spending will go up next year and the year after</li></ul><p style=““ class=“text-align-justify“>It’s quite a feisty session this one as she is brutally attacked by Starmer, as you would expect though. You can watch it <a target=“_blank“ href=“https://www.youtube.com/watch?v=NT14sw0_RRc“ target=“_blank“ rel=“nofollow“>here</a>.</p>

This article was written by Justin Low at forexlive.com.

<ul><li>Prior -2.0%</li><li>Market index 204.6 vs 214.3 prior</li><li>Purchase index 164.2 vs 170.5 prior</li><li>Refinancing index 394.6 vs 423.2 prior</li><li>30-year mortgage rate 6.94% vs 6.81% prior</li></ul><p style=““ class=“text-align-justify“>The average interest rate for the most popular US home loan rose further to 6.94% in the past week – its highest since 2002 – as conditions continue to deteriorate in the mortgage market. The main index is seen dropping over 4% again in the past week, falling to its lowest since 1997. Boom. 💥</p>

This article was written by Justin Low at forexlive.com.

<p style=““ class=“text-align-justify“>With a lack of headlines to work with, European morning trade today has been rather restrained. The dollar is still keeping a slight advance across the board, working with levels noted earlier <a target=“_blank“ href=“https://www.forexlive.com/news/dollar-in-control-as-risk-optimism-evaporates-20221019/“ target=“_blank“>here</a>.</p><p style=““ class=“text-align-justify“>Meanwhile, equities pushed lower in the opening two hours of the Europe cash market open but are now starting to nudge back up again though I would say that the gains may be rather tentative. Wall Street will have the final say and after two big days of gains to start the week, are we starting to see the momentum falter?</p><p style=““ class=“text-align-justify“>S&P 500 futures are up 12 points, or 0.3%, while European indices are also hanging on to light gains at the moment. The DAX is up 0.2%, CAC 40 up 0.5%, and UK FTSE up 0.1%.</p><p style=““ class=“text-align-justify“>There’s still plenty to sort out on the day with Treasury yields holding higher as well, keeping thereabouts after the move from earlier <a target=“_blank“ href=“https://www.forexlive.com/news/a-sense-of-uneasiness-as-bond-yields-pull-higher-20221019/“ target=“_blank“>here</a>.</p>

This article was written by Justin Low at forexlive.com.

<ul><li>Core CPI +4.8% vs +4.8% y/y prelim</li></ul><p style=““ class=“text-align-justify“>A slight revision lower to the headline reading, but close enough to be called double-digits – just not officially now. Either way, it still represents a record high inflation figure in the Eurozone. The core reading is unchanged and this still puts the pressure on the ECB to act ahead of a gruelling winter for the euro area economy.</p>

This article was written by Justin Low at forexlive.com.