Sterling opened up low; climbing steadily

Monday, 18 July 2011 10:36

The Pound begun its week with a fresh low against the U.S Dollar at 1.5780; the British Pound didn't struggle any further as it climbed back up slowly to reach the 1.6127.

The Change in the asking price of homes for sale dropped by 1.6 percent in July.  This is the first drop in asking prices in the year of 2011.  70% of property put on the market start of 2011 are still on the market in July, seeking a buyer.

The following week consists of MPC meetings in the U.K on Wednesday ; excpecting to show which direction will the rates take.