Jump to content
House Price Crash Forum
Sign in to follow this  

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

Recommended Posts

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.



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

Edited by karhu

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 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%

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.