Positive data keeps sterling strong

28 July, 2011


Yesterday’s data was generally good for sterling, giving exchange rates a little room to improve during trading through the day.

Tomorrow we have the Eurozone interest rate decision, so do think about securing rates today – after so much positive data in one day yesterday, is it likely that rates will improve further?

Yesterday’s summary for the Pound:
– Nationwide survey showed house prices UP 0.3% in February
– Lending to individuals UP to £1.5bn in January
– Mortgage approvals UP above 45,000 in January
– Manufacturing PMI on target
– Money supply UP