The British pound moved lower vis-à-vis the U.S. dollar today as cable tested bids around the US$ 1.5850 level and was capped around the $1.5975 level. Many data were released in the U.K. today. First, January manufacturing PMI improved to 56.7 from 54.6, a fifteen-year high. Second, December mortgage approvals decreased to 59,020. Third, net lending to individuals rose by ?1.2 billion in December. Fourth, Hometrack January house prices were up +0.1%. Bank of England is expected to keep interest rate policy unchanged this week. There is some speculation, however, that Bank of England may pause its ?200 billion bond purchase plan but maintain the option to extend it further. Cable bids are cited around the US$ 1.5720 level. The euro moved higher vis-à-vis the British pound as the single currency tested offers around the ?0.8765 level and was supported around the ?0.8680 level.