Latest housing data now out and showing a slowdown

  • +1.6% prev rev dsown from +1.7%
  • 3month-year +7.9% vs +8.3% exp vs +9.6% prev

GBP has other things on its mind it appears but the news will not have gone unnoticed by the MPC

GBPUSD still 1.5625 after earlier 1.5638 highs

EURGBP 0.6985 giving up on its attempt over 0.7000 seen after better German factory orders