Retail sales & mortgages bring some cheer

28 July, 2011


Today’s mortgage approval figures and retail sales numbers for June were both better than expected, which gave the Pound some strength, in a choppy day on the markets.

Tomorrow’s UK GDP figure will be eagerly anticipated – if the nation’s income is improving significantly, there may be a spike tomorrow afternoon offering the opportunity to send money abroad more cheaply. If the news is bad, perhaps the Pound will end the week on a low note.