News Column

Pound Mixed Ahead Of UK Mortgage Approvals

July 29, 2014



BRUSSELS (Alliance News) - The Bank of England is scheduled to release its mortgage approvals for June at 4:30 am ET Tuesday. Total mortgage approvals are expected to increase to 63,000 in June from 61,700 in May.

Ahead of the data, the Pound showed mixed trading against its major rivals. While the Pound retreated against the Swiss franc and the yen, it held steady against the US dollar and the euro.

As of 4:25 am ET, the Pound was trading at 0.7913 against the Euro, 1.6977 against the US dollar, 1.5350 against the Swiss franc and 173.01 against the Yen.



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Source: Alliance News


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