British Pound Suffers Amidst Fading Risk Appetite

[B][I][U]UK Fundamentals:[/U][/I][/B]
Manufacturing growth unexpectedly accelerated in July to the fastest in three years and an index of factory prices reached a record triggering speculation of six-percent lending rates. The Bank of England is widely expected to keep rates on hold in tomorrow?s announcement, but investors are still pointing to one more hike by December.

[B][U]Next 24 Hours:[/U][/B]
[B]HBOS House Price 3mnths/Year (JUL)
[/B]Forecast: 11.1%
Prior: 10.7%
[B]HBOS Plc house prices sa (MoM) (JUL)
[/B]Forecast: 0.3%
Prior: 0.4%
[B]Bank of England Monetary Policy Announces Rates[/B]
[B]PMI Construction (JUL)[/B]
Forecast: 59.0
Prior: 60.1
[B][U]Last 24 Hours:[/U][/B]
[B]PMI Manufacturing (JUL)[/B]
Actual: 55.7
Prior: 54.7 (Revised)
[B]BRC July Shop Price Index[/B]
Index Rose 0.6 on Year
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