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Interest Rates on Hold

Interest Rates on Hold

As the weekend looms ever closer, it’s a very slow news day today as not a huge deal of data is being released. Yesterday saw the incredibly surprising news that the Bank of England decided to keep interest rates on hold, which did not affect the markets at all.

After a few days of GBP strength, we could now see a bit of profit taking, especially on GBPUSD, so dont be surprised to see the rates drop a little.

UK house prices in England and Wales rose 7.2% year on year in the biggest annual gain for 3.5 years, as this shows the current strength in demand and a possible shortage of supply.

In other news, this weekend sees Currency UK’s Emma Wilhelmsson and Laura Coombs play for Chelsea Ladies in the FA Cup against Bristol Academy. Come along to Wheatsheaf Park to show your support!

Image: © Photokanok / freedigitalphotos.net

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