Pound Jumps as Mortgage Approvals Advance
The Great Britain pound strengthened today after the report showed that the number of the mortgage approvals unexpectedly increased in November.
The number of loan approvals for house purchase slightly increased from the October figure of 47,315 to 48,019 in November. The expected value was 46,500. Total lending to individuals rose £0.7 billion in November.
GBP/USD jumped from 1.5485 to 1.5627 as of 13:41 GMT today, while GBP/JPY advanced from 126.58 to 128.37.
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Earlier News About the Great Britain Pound:
- UK House Prices Decline, Endangering Pound (2010-12-31)
- Slower Growth of British GDP Makes Pound Weaker (2010-12-22)
- Pound Declines as UK Budget Deficit Grows (2010-12-22)
- Britain's Interest Rates May Go Up, Helping Pound Gain vs. Euro (2010-12-21)
- British Pound Gains as Retail Sales Expands & Inflation May Rise (2010-12-16)