The British pound appreciated vis-Ã -vis the U.S. dollar today as cable tested offers around the US$ 1.9955 level and was supported around the $1.9820 level. Sterling was pushed higher by anecdotal reports that a higher number of shoppers were in stores during yesterdayâ€™s Boxing Day holiday. Also, the BBA reported November mortgage approvals improved slightly from Octoberâ€™s record low level while Bank of England reported an unexpected rise in housing equity withdrawal in Q3 to ₤10.5 billion from ₤10.1 billion in Q2. Cable bids are cited around the US$ 1.9640 levels. The euro gained ground vis-Ã -vis the British pound as the single currency tested offers around the ₤0.7340 level and was supported around the ₤0.7280 level.
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