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[QUOTE="SOLIDECN, post: 228129, member: 80239"]
[JUSTIFY][B]Pound Steadiness, Consumer Borrowing Spike, and House Price Rise[/B]

[img]https://i.ibb.co/qC2g7qq/GBPUSD-2024-01-08-16-46-05-6493d.png[/img]

Solid ECN - The UK's pound currency remained stable at $1.27. This stability came as market players analyzed new economic figures and their effect on global financial policies. A recent report from the US showed an unexpected jump in job creation, suggesting the Federal Reserve might not lower interest rates soon, possibly not even in March. Meanwhile, UK consumer borrowing saw a significant boost, with an increase of £2.0 billion - the most since March 2017 and higher than the £1.4 billion predicted.

Additionally, the number of loans for buying homes in the UK was higher than expected, reaching 50.1K. In other news, Britain's service sector grew stronger in December than initially thought, and the mood among businesses was the most optimistic in seven months. Finally, UK house prices increased by 1.7% compared to last year, the first rise in nine months.[/JUSTIFY]
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