British Pound (GBP)


The Pound remained almost unchanged versus the Dollar as Asian markets  declined but economic conditions seem to improve. U.K home prices rose  for the first time in 2 years, the average cost of a home in England  rose by 0.1%, adding signs the economy is emerging from the recession.  Overall, GBP/USD traded with a low of 1.6183 and with a high of 1.6329.  Today, the Manufacturing PMI is expected higher at 51.5 versus 50.8  prior. New Lending to Individuals is expected to remain at 0.4B.