The GBP/USD held steady on Wednesday morning as investors reflected on the strong economic data from the UK and US.
The UK economy is doing relatively well even as the political climate worsens. Data published on Tuesday showed that the country’s home prices continued rallying in January. According to the Nationwide Society, the UK home price index made the best start of the year in 17 years.
Further data published by the Bank of England revealed that mortgage approvals jumped to 71.02k in January after rising by 67k in the previous month. In total, banks provided mortgages worth more than 3.57 billion pounds during the month.
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