The number of housing loans approved by British banks the country declined in June, as shown by the data on Tuesday (07/26 / 2016) this afternoon. The condition is caused by the uncertainty that still clung British status in the European Union Post- release of the British from the force .
British Bankers' Association (BBA) said that mortgage approvals for the purchase of housing sag into 40.103 for half of the year, further down from a downwardly revised 41.842, caused by a reaction beginning of a rise in stamp duty for this purpose. The data from the BBA are considered as the instructions were quite decisive to know in more depth how the lending data is to be released by the Bank of England (BoE) later on Friday. But keep in mind that these data do not include borrowing mutually owned by property companies.
GBP / USD Flat In the timeframe 4 Hours
Following this report, Pound seemed flat against the US Dollar on 4-hour timeframe to trade at 1.3122 figure. However, the condition of the flat is precisely not appear on the movement of GBP / USD at 1-hour timeframe, where the pair looked very volatile after a plunge to a low level of 1.3075. According to analysts, the bulaan August, the BoE is expected to cut interest rates. Fincial Times reported, Martin Weale , a member of the BoE MPC, has replaced his view, of contradictory towards easing, become a pro at easing stimulus immediately.
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