The Great Britain pound fell today and traded near the lowest level in four months against the euro after the report showed that the number of the mortgage approvals in Britain declined, adding to the signs of the slowing recovery.
The UK approvals secured on dwellings declined from 48,346 in July to 47,372 in August. This reading was in line with the forecasts. The concerns for Britain’s economy make the sterling one of the
GBP/USD fell from 1.5800 to 1.5791 today as of 11:43 GMT, following the advance to 1.5873. EUR/GBP rose from 0.8595 to 0.8619 after it reached 0.8630, the highest level since May 24th.
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