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March 21, 2023
Existing home sales spiked by 14.5 percent to an annual rate of 4.58 million in February after falling by 0.7 percent to a rate of 4.00 million in January, much more than the expected existing of 4.17 million. Existing home sales surged after falling for twelve straight months but were still down by 22.6 percent compared to the same month a year ago. 03/21/2023 - 10:26:00 (RTTNews)
Eurozone construction output rebounded sharply by 3.9 percent MoM in January and at the fastest pace since March 2021 amid robust growth in building construction and civil engineering. On a yearly comparison, total construction output registered an increase of 0.9 percent. 03/21/2023 - 07:41:00 (RTTNews)
GBP traded at 1.2194 against USD at 9:00 am PST.
The U.K. budget deficit increased more than expected to its highest February level due to huge spending on energy support schemes. Public sector net borrowing excluding banks, increased by GBP 9.7 billion from the last year to GBP 16.7 billion in February. This was the highest February borrowing since records began in 1993 and also exceeded the forecast of GBP 11.4 billion. 03/21/2023 - 06:43:00 (RTTNews)