Those who trading the British pound were probably less sensible towards European concerns and were acting with optimism. The pound gained 14 points against the euro drop of 45 points. Also the Paralympic Games opened yesterday which had its positive impact.
Today at 12:30 (+3 GMT) we will get data on mortgage approvals for July. The forecast is 47K against 44.2K in June.
The price may move in the range of 1.5807 – 1.5871 ahead of the conference in Jackson Hole.
