Pound Sterling Forecast

The Pound has had a better start to the day today making minor gains against the majority of major currencies, we do however have mortgage approvals data due out for the U.K  at 09:30am – this is slightly different to the release seen on Monday as it is released by the BBA (British Bankers Association).

Monday’s data however was particuarly poor and it would not surprise me to see this one follow suit and the early morning gains to be wiped out.

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