News Column

Pound Ahead Of UK Mortgage Approvals Data

August 26, 2014

BRUSSELS (Alliance News) - At 4:30 am ET Tuesday, the British Bankers' Association will release its mortgage approvals report of UK for July. Mortgage approvals are forecast to rise to 44,065 in July from 43,265 in June.

Ahead of the data, the Pound showed mixed trading against its major rivals. While, the pound eased against the yen and the US dollar, it rose against the euro and the Swiss franc.

As of 4:25 am ET, the Pound was trading at 0.7961 against the Euro, 1.5173 against the Swiss franc, 1.6578 against the US dollar and 172.22 against the Yen.

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Source: Alliance News

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