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BOE Pill: Do not expect a discontinuity in household spending as homeowners refinance

Do not expect a discontinuity in household spending as homeowners refinance mortgagesCan be too simplistic to look just at DOE inflation forecasts at two year horizon. Assumes a linear response to labor shocksThe GBPUSD is seeing sellers reenter. The price high today reached 1.25367. That took out the April 4 high at 1.25246, but the price has since rotated to a corrective low of 1.25102. Having said that, the 1.2500 level is a natural support level followed by a swing area between 1.24228 and 1... Read More

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Content Topics

Pill

Expect

Discontinuity

Household

Spending

Homeowners

Refinance

Forex

Posted: Apr 13 2023, 14:32

Author Name: forexlive

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