US MBA mortgage applications w.e. 12 February -5.1% vs -4.1% prior 0 (0)

Latest data from the Mortgage Bankers Association for the week ending 12 February 2021
– -4.1%
The key drop comes from yet another dip in purchasing activity with refinancing activity also seen declining once again in the past week. That points to some moderation in housing market activity though it will be interesting to see how

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UK PM Johnson: Lockdown should be eased in stages 0 (0)

Comments by UK prime minister, Boris Johnson
– Will set out steps to move out of lockdown on 22 February
– Approach will be cautious, prudent, irreversible
– The unwinding of restrictions will be done in stages
Johnson is trying to manage expectations ahead of his big announcement next Monday. Expect there to be much rumours on that going

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RBA has already fired its best shot to quell aussie strength – Westpac 0 (0)

Westpac argues that the RBA has already used up its best opportunity to limit the aussie currency strength over the next six months
The firm’s senior currency strategist, Sean Callow, says that in electing to make an early decision by , the RBA had used its best shot to prevent further gains in the currency in

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