The Pound has started the day of looking fairly flat ahead of both a financial stability report for the U.K and a speech from Mark Carney (Governor of the bank of England) where he is expected to comment on the problem of the house price bubble.
Carney was fairly well known in Canada for taking action on house prices by putting limits in place for mortgages so should he move to do something similar over here then we may see the Pound drop off a little as it could slow the so economy a little which has been absolutely flying this year.
Both the financial stability report and the speech are at 10:30am so this is a good time to keep a very close eye on the market as we may see some volatility.
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