US housing starts unexpectedly slowed in August, down 2.6% to an annualized 1.28 mln units, one of the weakest readings since the pandemic, government data showed on Thursday. Multifamily starts plunged nearly 22% to an annualized 357k units; single-family starts rose 7.6% to 918k, the fastest monthly gain since March, led by the West and Midwest. Rising mortgage rates and affordability constraints continue to weigh on the market, and housing inventory remains well above pre-pandemic levels, whi

Analysts expect the Bank of England's MPC to keep the policy rate at 3.75%, likely maintaining July's 6-3 split with three members voting for a hike. Recent BoE commentary shows no clear hawkish shift and inflation is still judged controllable. Energy is the main upside risk: gas prices have already exceeded the BoE's adverse Q4 peak assumption, raising the chance officials become more alert to inflation upside; a hawkish turn would flip the vote to 5-4. By contrast, another 6-3 split combined with cautious guidance would likely weigh on sterling. Markets will focus on the vote tally and inflation wording to judge whether energy developments are driving policy toward tightening.

Turkey's Capital Markets Board (CMB) said it is monitoring developments in the capital markets.