Canadian existing home sales unchanged in September

Up to 2.7% year over year.



Afraid I have little insight into Canadian housing at the moment, other than it looks like it is coming off the boil of late last year, which should please the Bank of Canada. They were able to cool the housing boom without raising rates in a weak global economy.

US: Redbook Index dropped 1.4% MoM

The Redbook index contracted 1.4% on a monthly basis and advanced 3.2% over the last twelve months in the week ended on October 6, against previous prints at -0.5% and 3.3%, respectively...
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GBP/USD holds support and bounces

The GBP/USD managed to find buyers and held above last week's low after dollar recovery dragged the pair back below 1.5950.
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