Pound Rises Ahead Of U.K. Data
04:25, 1st September 2014
(RTTNews) - At 4:30 am ET Monday, the Bank of England is scheduled to release U.K. mortgage approvals for July and Markit Economics and the Chartered Institute of Purchasing and Supply will release their manufacturing activity data for August. The consensus estimate calls for a decline in mortgage approvals to 66,000 in July from 67,200 in June. The manufacturing PMI is expected to come in at 55.1 in August, less than the 55.4 score in July.
Ahead of these data, the Pound rose against its major rivals.
As of 4:25 am ET, the Pound was trading at 0.7895 against the Euro, 1.5277 against the Swiss franc, 1.6637 against the U.S. dollar and 173.27 against the Yen.
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