020 7898 0500The headline release from the UK on Friday was the UK finance mortgage approvals for July. Last month, British banks approved 39,584 mortgages, which was a drop from a downwardly revised 40,330 in June. The figures showed approvals were down 4.3% compared with the same month last year.
It was a fine end to the week for sterling against the dollar, but it fared far worse against the euro. In truth, it was dollar weakness which helped the pound, as Fed Chair Jerome Powell struck a rather dovish tone in a speech.
Today is rather quiet for economic data, but tomorrow we will have the Nationwide housing prices for August.
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