Sterling evades the pressure

Source: WBP Online
The British Pound inched up against the U.S. counterpart after hitting five-month low as traders move attention to the upcoming U.S growth data and U.K interest rate speculations. The Sterling experienced additional pressure after approved mortgage lending number fell in July. Nonetheless, traders keep focus on a possible interest rate hike by Bank of England till the end of the current year. The GBP/USD pair gained 0.18% to $1.6568.
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