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3 Numbers: Slower quarter for UK; US home prices; US new house sales
The macro schedule heats up on Tuesday with several key releases on tap, starting with the first look at the official estimate of Q4 GDP for the UK. Later, several influential US reports will be published, including the monthly update on home prices (S&P Case-Shiller) and the government’s estimate of new home sales at the close of 2014. The pace of economic growth in the UK is expected to slow a little in today’s preliminary estimate of real (inflation-adjusted) gross domestic product for the fourth quarter of last year. The crowd’s looking for a 0.6% quarter-over-quarter increase in the final three months of ... (full story)