Housing data is an extremely sensitive factor for the U.K economy and expected is for a 0.9% increase month on month resulting in there currently being a 9.3% drop year on year.
The currency markets move on rumour as well as fact so predictions may have already been priced into the market however should the data differ from the preditions expect a volatile start to the trading day for Sterling!!
A better than expected increase should lead to Sterling strength and anything worse than predicted may lead to Sterling starting the week off on a bad note and losing value.
The only other release of note for Sterling at present if the Consumer confidence due at 00:01 on 31st July however the time and day for this data release has been known to be put back.
Should you be unsure as to how this data may affect any upcoming transfers feel free to get in touch and I will be happy to run you through the options available to you.
This is a brief summary of todays report. Click here to read the full report on our main website
If you are buying a property abroad, and want the best exchange rates, just click on the links below to go straight to our main site, or Email Me
Have a great day and thanks for reading!
Daniel Wright
