UK mortgage approvals impose Sterling

Learn forex News : Sterling cut gains after the data approval mortgage (mortgage) Suggests gloomy outlook for the UK economy. Approval kpr only reached 30 500 for the month of February; less than the previous estimate of 33 600 and 32 000 publications. GBP / USD is now trading 1.5217, try to avoid high levels of daily 1.5259

Britain has fallen into recession in the last quarter of 2012, and economists expect the UK will still experience a recession in early 2013. Mortgage approval data certainly adds to a series of negative indicators that define the gloomy outlook of the UK economy. British Finance Ministry has cut its economic outlook and the BoE seems well prepared to loosen monetary policy further to help the economy.