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ianbeale

Pound Up 1.5 Cents Vs Us Dollar....why?

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Dubya made a speech about Iraq, or was it Iran? or was it somewhere else?

Market participants attributed the rally in sterling primarily to dollar selling, as most traders became convinced that HIA repatriations that have supported the greenback over the past quarter were coming to an end. The pound was also aided by modestly firm mortgage data as new mortgage applications increased by 113K up from 108K expected indicating that UK housing market has stabilized.

http://www.dailyfx.com/index.php?option=co...keyword=article

http://www.dailyfx.com/index.php?option=co...keyword=article

Sentiment in the housing market seems to be driving exchange rates!!! This shows how important this is to the respective economies.

Edited by karhu

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  • 339 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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