Friday, March 23, 2012

BBA mortgage approvals point

5:09 AM  , , , , , , , , , ,  
FXstreet.com (Barcelona) - BBA mortgage approvals point to a drop to 33.1K in February from 38.0K in the previous month, and against rising consensus to 39.1K.

The GBP/USD had rallied and capped at 1.5908 just ahead of the UK data. With strong resistance at the 1.5900 psychological level, the pair has already declined 40 pips.

Mataf.net analysts point to resistances at 1.5875, 1.5915 and 1.5960. On the downside, supports might act at 1.5825, 1.5790 and 1.5725.
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