The Sterling did trade slightly lower on Wednesday but maintained a fairly comfortable range. The Nationwide HPI will be released today and is expected to have a result of minus -0.3%. Tomorrow Net Lending to Individuals and Final Mortgage Approval numbers are on the schedule. The U.K. did get a dose of good news from the better than expected GDP numbers earlier this week and the GBP certainly got a boost from this. The question is how long the GBP will be able to maintain a confident outlook with economic concerns still lingering around the periphery. Today’s HPI data and tomorrow releases will be watched closely. Importantly a dollar centric mode for the GBP may find impetus with rather large news making its way from across the Atlantic.
Written by bforex.com