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Uninspiring housing data might see the GBP under early pressure in London

By   || March 15, 2010 at 04:16 GMT
|| 3 comments || Add comment

The latest UK housing data is not inspiring and with the British Press having had the whole weekend to come up with some negative headlines, I would not be at all surprised to see the pound under a bit of pressure in early trade. I see cable trading in a 1.4950/1.5350 range for the majority of this week and I will again look to trade the edges of this range.

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Category: All, Asia, Economy
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3 Responses to “Uninspiring housing data might see the GBP under early pressure in London”

  1. Emilio on March 15th, 2010 04:27 GMT

    Morning Sean and co.

    I live in the UK and this wknd went to the high st. of one of the major cities. I was impressed by how many selling/letting boards where up in it for commercial premises. To me a sign of the times and that we are not out of the woods but in the middle of it. I agree with the view that property prices are still expensive and will have to adjust one way or another being the more likely way, by the look of it, via deflation.

  2. PeterE on March 15th, 2010 04:58 GMT

    Hi Sean,

    I’m new to forexlive, and just wanted to say I’m enjoying what you guys do here
    …………so thanks for doing it :)

    regards
    Peter (sunny Brissie, not far from you!)

  3. hart on March 15th, 2010 05:22 GMT

    I’m square. Made my money for the session. I’m going to trade Europe into New York later. Have fun everyone.

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