British pound sank on a third day against the dollar, before the Bank of England releases its report, which economists said would show mortgage approvals increased to the highest level in six years last month. Sterling has slightly changed against the euro. Loans for home purchases rose to 72,900 in December, from 70,758 a month earlier, based on the median estimate of analysts in a Bloomberg News survey.
That would be the highest reading since December 2007. Bank of England Governor Mark Carney yesterday said the central bank still wasn’t ready to go away from its record-low interest rates policy. The pound went down 0.2% to $1.6537 as of 7:29 a.m. (London time). It escalated to $1.6668 on January 24, the highest rate since May 2011.
The UK currency ended at 82.45 pence per euro, after progressing to 81.68 pence on January 22, the strongest level since January 10. Sterling earned 10% last year, the top performer among 10 developed-nation currencies monitored by Bloomberg Correlation-Weighted Indexes. The euro went up 5.5%, while the dollar toughen 5%. The UK government bonds jumped 1.8% this year yesterday, based on Bloomberg World Bond Indexes. Both Treasuries and German securities garnered 1.6%.
The material has been provided by InstaForex Company – www.instaforex.com
British pound sank on a third day against the dollar, before the Bank of England releases its report, which economists said would show mortgage approvals increased to the highest level in six years last month. Sterling has slightly changed against the euro. Loans for home purchases rose to 72,900 in December, from 70,758 a month earlier, based on the median estimate of analysts in a Bloomberg News survey.
That would be the highest reading since December 2007. Bank of England Governor Mark Carney yesterday said the central bank still wasn’t ready to go away from its record-low interest rates policy. The pound went down 0.2% to $1.6537 as of 7:29 a.m. (London time). It escalated to $1.6668 on January 24, the highest rate since May 2011.
The UK currency ended at 82.45 pence per euro, after progressing to 81.68 pence on January 22, the strongest level since January 10. Sterling earned 10% last year, the top performer among 10 developed-nation currencies monitored by Bloomberg Correlation-Weighted Indexes. The euro went up 5.5%, while the dollar toughen 5%. The UK government bonds jumped 1.8% this year yesterday, based on Bloomberg World Bond Indexes. Both Treasuries and German securities garnered 1.6%.
The material has been provided by InstaForex Company – www.instaforex.com
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