The Cable pressured by housing data

Source: WBP Online
© Scanpix/FP
The British Pound continues to stay at the five month low against the Greenback after the speech of the Fed Chair Janet Yellen at the Jackson Hole Symposium and the disappointing number of approved housing mortgages numbers in the U.K. The approved mortgages declined to 47,297 missing the economists' expectations by a wide margin. Nonetheless, the approvals gained 12% in comparison with same period last year. The GBP/USD gained 0.01% to $1.6579.
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