Pound lower after PMI and lending data

So it was indeed a case of buy rumour sell fact, as I mentioned prior to the release

GBPUSD has dropped from 1.5235 to 1.5212 just ahead of buying interest between 1.5200-10, and is holding up at the moment at 1.5218

The lending data didn’t inspire either with a contraction in m4 money supply and mortgage approvals outweighing the better than expected mortgage lending figure.

Featured Videos