Pound Remains Bullish on Mortgage Approvals

Great Britain poundThe pound found support to trade near a one-month high level versus the euro after a report showed an improvement in the number of mortgage approvals, adding attractiveness for the sterling before the end of this week’s session.

After the Bank of England published a report showing the highest climb in mortgage approvals for November this year, the pound gained versus several currencies and specially versus a less attractive euro, as the British financial authority affirmed that in 2010 the situation is likely to improve further.

EUR/GBP declined to 0.8885 as of 20:07 GMT from 0.9035 on Monday.

If you want to comment on the Great Britain pound’s recent action or have any questions regarding this currency, please, feel free to reply below.

Earlier News About the Great Britain Pound:


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