Sterling has managed to keep above 1.20 against the Euro but unfortunately slipped below the 1.30 handle against the Dollar. Following a relatively quiet week we saw pretty sideways price action now leading into a pretty busy week going into November- which is expected to be a volatile month.
Sticking with this week, the data releases don’t really begin until Tuesday, where we have UK mortgage approvals in the morning which is expected to be lower than last month, I don’t think there is much to read into here, as rates are expected to be cut again I think many people are holding out for lower rates before applying for mortgages, aside from that I do not think it is a big piece of data this month.
