Pound forecast ahead of mortgage approvals – last month saw weakness

Good morning readers and I hope you had a great weekend?

The Pound faces an intreresting morning post 09:30am as we see mortgage approvals data released for the U.K.

Last month this release came out much worse than expected and led to the Pound sliding accross the board so be sure to check back here later on this morning to see exactly what happened and why…

My personal opinion is that I would not be surprised to see the figure slightly better than expected as last month had been a shock and they are predicitng a further drop on this occasion however as always, anything can happen!