The pound was strong against the dollar and the euro yesterday, rising for four consecutive days against the greenback. This is mainly due to dollar weakness which came about after positive US-China trade war news.
Although the UK is on track to leave the EU by the end of January, a trade deal still needs to be negotiated before the end of next year, which could pose some risk to the pound.
Data released yesterday showed that British banks approved 43,715 mortgages for new house purchase in November 2019, the most since January 2017 and compared to a revised 41,312 in October.
