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GBP/USD
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/19/2026 | 1.33040 |
| Change that session | -0.20% |
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Related news
- Why have Canada house prices outpaced other countries?
New research by Canada Mortgage and Housing Corporation (CMHC), published October 20, finds that inflation-adjusted house prices in Canada have more than doubled since 2005, rising faster than most developed countries. Canada also has fewer homes per capita, leaving it more exposed to affordability pressures as demand grows. The study examines whether Canada's trend is part of a wider pattern or driven more by domestic factors. CMHC Deputy Chief Economist Aled ab Iorwerth says demand grew faster than supply for longer than in many comparable countries, and that understanding why can help identify the changes needed to improve affordability.
- Side Joins HouseCanary's Google Listings Program
HouseCanary announced that Side has joined its Google Listings Program, making active listings from over 600 partners in Side's broker network across 19 states visible in Google mobile search in live markets. Listings appear in a carousel at the top of results with basic property details and brokerage attribution, and a detail page shows the listing agent's name and a click-to-contact button. The program, launched in early 2026, is expanding to all eligible US markets this fall and is powered by HouseCanary working with MLSs, with Side's listings coming through My State MLS. Agents at Side's partner firms also gain complimentary access to HouseCanary's agentic AI platform.
- US single - family housing starts , building permits tumble in September
- US single - family housing starts , building permits tumble in September
- No buyers , higher costs : US homebuilder confidence hits 14 - year low
US homebuilder confidence fell three points to 29 in October, its weakest reading since June 2012 and below the 31 economists had expected. Rising mortgage rates, expensive construction materials and labour shortages are weighing on builders, as the US-Israeli war with Iran pushes up energy prices and borrowing costs. The average 30-year fixed mortgage rate reached 7.40% last week, its highest in nearly three years. To attract buyers, 43% of builders cut prices in October, the highest share recorded in the 2020-2026 period, and 65% offered sales incentives. Buyer traffic fell five points to 18, its lowest since April 2012 excluding the start of the pandemic, while housing affordability is a key concern before the November 3 midterm elections.
- Safehold Delivers Predictable , Low - Cost Capital to Move Affordable Housing Forward
Safehold, which created the modern ground lease, is applying the structure to affordable housing. In a typical 4 percent tax credit deal, it provides a 99-year ground lease and funds both the land cost and part of project costs. Rent rises at a fixed rate each year with no fair-market resets, and the lease rate sits well below conventional debt, helping drive more proceeds at a lower blended cost of capital. General counsel Yosefa Lunzer says the company explains the structure upfront and ensures the lease does not interfere with the ownership, financing or operation of the property.
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- OpenAI Is Reportedly Raising $30 Billion. Which Chip Stock Gains the Most?
OpenAI is reportedly seeking about $30 billion in a funding round that could value it at over $1.4 trillion, according to Reuters on Oct. 19, up from an $852 billion valuation in March, with talks still ongoing. The article argues the cash matters for roughly 26 gigawatts of computing capacity OpenAI has planned with Nvidia, AMD and Broadcom, while OpenAI is reportedly pitching around $50 billion in annualized revenue. Nvidia reported $96.2 billion in revenue for the fiscal 2027 second quarter, up 106%, and agreed in August to guarantee up to $105 billion of obligations at an Ohio data center campus. AMD's deal covers 6 gigawatts and its data center sales rose 107% to $6.7 billion in the second quarter, while Broadcom's 10-gigawatt deal depends on financing the author calls less settled. The author suggests Broadcom could gain the most if the round closes.
- Why MSCI Stock Soared Today
MSCI shares rose about 5% after the company reported stronger-than-expected third-quarter results. Revenue reached $892 million, up 12% year over year and above the consensus estimate of just under $888 million. Non-GAAP net income climbed 8% to $369 million, and adjusted EPS rose 14% to $5.11, beating the $5.02 analysts had modeled. Management credited net-new sales across several business categories, higher asset-based fees and strength in Asia-Pacific. MSCI largely kept its 2026 guidance, raising only its interest expense forecast to $288–291 million from $282–286 million, and it gives no revenue or profit guidance.
- 'Time Bomb' in Southeast Asia's Only Trillion-Dollar Economy: Stocks Plunge, Investors Flee, Unemployed Youth Turn to Motorbike Taxis, Former Minister Warns Economy Nears Brink
In Southeast Asia's only trillion-dollar economy, a 28-year-old IT graduate now works as a motorbike ride-hailing driver earning about $220 a month, while the middle class has shrunk roughly 19% from its peak and youth unemployment sits near 17%. After MSCI warned it could drop the market from its reference indexes, Indonesian stocks fell more than 11% on October 16, their steepest one-day drop since the 1998 Asian financial crisis, and slid nearly 4% more on October 19. High oil prices, rising U.S. interest rates and costly subsidies, such as free meals for over 80 million students at an estimated $30 billion a year, are adding pressure on the rupiah and the budget. Ferry Latuhihin, former chief economist at International Indonesia Bank, calls the situation a 'time bomb', while former trade minister Thomas Lembong warns the country is getting ever closer to the brink. Phillip Wool of Rayliant says the risk is concentrated in Indonesia.
- Existing home sales collapse to record low
The opinion piece argues that US existing home sales have collapsed, with the National Association of Realtors’ Pending Home Sales Index falling to 66.0, its lowest level since the series began in 2001. It contrasts this with Trump’s 2024 pledges of gasoline below $2 a gallon and 2% mortgage rates, noting gasoline now costs $4.28 a gallon and the average mortgage rate is 7.4%. Using a $423,000 median-priced house and a $370,000 loan, the author calculates a monthly principal-and-interest payment of $1,766 at 4.0% versus $2,562 at 7.4%, an extra $796 per month. Over 30 years, the additional total cost is put at $286,333.
- Inflation hits Trump merch
According to The Washington Sun, as cited in the article, prices for Trump-branded merchandise have risen since the Trump Superstore in Knoxville, Tennessee announced its closure in August. A red MAGA hat went from $25 in 2015 to $55 on the Trump Organization website, a 120% increase versus 41% inflation over the same period, while the same hat costs $40 on Trump’s political website. The women’s “Victory 47” perfume now sells for $249, up from $99 and then $199 after Trump’s image was added to the bottle. George Washington University professor Todd Belt called the increases “tone-deaf” given that affordability is a top voter concern, and the article notes Trump’s claim that “affordability” is a term invented by the media and Democrats.
- SpaceX and Tesla boards form special committees to review merger
According to Elon Musk, the boards of SpaceX and Tesla have each formed a special committee of independent directors to review a possible merger, at shareholders' request. Musk is not part of the discussions because he is a conflicted party, and the committee members have not been named. Both companies have independent directors under Nasdaq listing standards, including Tesla board chair Robyn Denholm and Ira Ehrenpreis. Musk said a merger is not a certainty, the committees have not agreed on any terms, and shareholders must support the deal. He holds more than 50% of the voting power at SpaceX, which would make shareholder support easier there, while Tesla would need 50% of all shareholders to vote in favor, not just those who vote.
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