The Pound declined versus the Dollar after Net Lending to Individuals came out only 0.3B versus 0.8B expected, reducing expectations for a decrease in the QE program. Mortgage Approvals came out weaker with 57K versus 59K expected. Overall, GBP/USD traded with a low of 1.6380 and a high of 1.6593. Today, Manufacturing PMI is expected stronger with 54.1 versus 53.7 prior. MPC Member Posen will speak in London.
GBP/USD - Last: 1.6440