What happened while you were snoring? • IMF GBP real exchange - TopicsExpress

What happened while you were snoring? • IMF GBP real exchange rate overvalued by 5-10%, UK may need higher int rates if macro-prudential tools don’t deal with housing market risks • Irish FinMin says looking at possibility of refinancing IMF bailout loans • US Social Security Pgm to exhaust combined trust fund balances in 2033 same as prev projection (Trustees report) • BOE’s Carney Lloyds manipulation of lending scheme fees may amount to criminal conduct • US Markit Comp Flash PMI Jul 60.9, 61.1-prev • US Markit Svcs PMI Flash Jul 61, f/c 59.8, 61-prev • US Pending Homes Index Jun 102.7, 103.9-prev • US Pending Sales Change MM Jun -0.011, f/c 0.005, 6.1%-prev • US Dallas Fed Mfg Bus Index Jul 12.7, 11.4-prev • Obama discussed next steps with leaders of Germany, France, UK & Italy on Ukraine situation • White House adviser Blinken says there is evidence Russia is preparing to deliver more powerful rocket launchers to separatists’ in Ukraine, WH will take action this week on new sanction against Russia • Britain says reaches agreement w/US, France, Germany & Italy that Russia must face further costs over Ukraine (UK Govt Stmt)

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