At 13:30 GMT, he US economy released its reading for the housing starts in October, at 1.31 million, slightly less than forecasts of 1.32 million, but better than the previous reading revised to 1.27 million from 1.26 million. This data is positive for the US economy.
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At 13:30 GMT, the US economy released the building permits reading for October, at 1.46 million, higher than forecasts and the previous reading of 1.39 million. This data is positive for the US economy.
MoreThe British pound rose against most major currencies on Tuesday, to maintain its gains against the US dollar for the fifth straight day near the 4-week high it hit yesterday, buoyed by positive developments about the UK parliamentary elections set for next month.
MoreOil prices deepened their decline as the US market opened on Tuesday, continuing for the second straight day, as doubts about the US-China trade talks ebbed the market sentiment, in addition to expectations for a surge in the US crude inventories later today in the American Petroleum Institute (API) preliminary report.
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