{"id":84292,"date":"2019-12-30T09:50:18","date_gmt":"2019-12-30T14:50:18","guid":{"rendered":"https:\/\/currencylive.com\/?p=84292"},"modified":"2019-12-30T09:51:17","modified_gmt":"2019-12-30T14:51:17","slug":"101911-gbp-cad-pound-extends-gains-on-uk-housing-data","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/101911-gbp-cad-pound-extends-gains-on-uk-housing-data\/","title":{"rendered":"GBP\/CAD: Pound Extends Gains on UK Housing Data"},"content":{"rendered":"<p>GBP\/CAD is increasing on Monday amid easing Brexit worries. Currently, one British pound buys 1.7166, up 0.50% as of 11:50 AM UTC.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>The sterling accelerated its gains after trade body UK Finance said that the number of mortgages approved by British banks had increased in November to the highest level in about three years, pointing to stabilization of the housing market. <span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>Thus, banks approved 43,715 mortgages last month, up from 41,312 in October. The last time when bank-approved mortgages went that high was in January 2017.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>Consumer credit increased at an annual pace of 4.0% in November, the smallest since April this year. The trend coincides with the weakest increase in credit card lending in five years.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>The pound managed to recover a part of the losses caused by a dramatic bearish trend driven by the market\u2019s fears of a potential no-deal Brexit. After securing a major victory in the UK election, Prime Minister Boris Johnson said he would not allow the government to extend the Brexit transition period beyond December 2020. On the other side, European leaders claim that the 11-month timeline might not be enough to discuss all the nuances within a trade deal. Investors are worried about a potential no-deal withdrawal in the case when the two sides don\u2019t reach consensus until the end of next year. Such a scenario is expected to have the most damaging effect on the British economy.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>However, investors have shifted the focus from those fears amid the Christmas holiday. Besides, some officials and economists hope that Johnson will eventually change mind and abandon the recent law that interdicts any extension attempt.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>Earlier today, The Irish Times <a href=\"https:\/\/www.irishtimes.com\/news\/ireland\/irish-news\/johnson-will-abandon-pledge-on-brexit-transition-period-hogan-1.4126850\">cited<\/a> European trade commission Phil Hogan as saying:<\/p>\n<p><i>\u201cIn the past, we saw the way the prime minister promised to die in the ditch rather than extend the deadline for Brexit, only for him to do just that. I don\u2019t believe Prime Minister Johnson will die in the ditch over the timeline for the future relationship either.\u201d<\/i><\/p>\n<p>It remains to be seen where is the next stop for GBP\/CAD, given that the Loonie is backed by trade optimism and surging oil prices.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<hr \/>\n<h6><em>Currencylive.com<\/em><em> is a news site only and not a currency trading platform.<\/em><\/h6>\n<h6><em>Currencylive.com is a site operated by TransferWise Inc. (&#8220;We&#8221;, &#8220;Us&#8221;), a Delaware Corporation. We do not guarantee that the website will operate in an uninterrupted or error-free manner or is free of viruses or other harmful components. The content on our site is provided for general information only and is not intended as an exhaustive treatment of its subject. We expressly disclaim any contractual or fiduciary relationship with you on the basis of the content of our site, any you may not rely thereon for any purpose. You should consult with qualified professionals or specialists before taking, or refraining from, any action on the basis of the content on our site. Although we make reasonable efforts to update the information on our site, we make no representations, warranties or guarantees, whether express or implied, that the content on our site is accurate, complete or up to date, and DISCLAIM ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. Some of the content posted on this site has been commissioned by Us, but is the work of independent contractors. These contractors are not employees, workers, agents or partners of TransferWise and they do not hold themselves out as one. The information and content posted by these independent contractors have not been verified or approved by Us. The views expressed by these independent contractors on currencylive.com do not represent our views.<\/em><\/h6>\n","protected":false},"excerpt":{"rendered":"<p>GBP\/CAD is increasing on Monday amid easing Brexit worries. Currently, one British pound buys 1.7166, up 0.50% as of 11:50 AM UTC.\u00a0 The sterling accelerated its gains after trade body UK Finance said that the number of mortgages approved by British banks had increased in November to the highest level in about three years, pointing [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":83552,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1694,1379],"tags":[1680,1394],"class_list":{"0":"post-84292","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-cad","8":"category-gbp","9":"tag-cad","10":"tag-gbp"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GBP\/CAD: Pound Extends Gains on UK Housing Data - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/101911-gbp-cad-pound-extends-gains-on-uk-housing-data\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ileana Ionescu\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101911-gbp-cad-pound-extends-gains-on-uk-housing-data\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101911-gbp-cad-pound-extends-gains-on-uk-housing-data\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/CAD: Pound Extends Gains on UK Housing Data\",\"datePublished\":\"2019-12-30T14:50:18+00:00\",\"dateModified\":\"2019-12-30T14:51:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101911-gbp-cad-pound-extends-gains-on-uk-housing-data\\\/\"},\"wordCount\":609,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101911-gbp-cad-pound-extends-gains-on-uk-housing-data\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/12\\\/GBP-CAD-Pound-Stronger-Despite.jpg\",\"keywords\":[\"cad\",\"gbp\"],\"articleSection\":[\"CAD\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101911-gbp-cad-pound-extends-gains-on-uk-housing-data\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101911-gbp-cad-pound-extends-gains-on-uk-housing-data\\\/\",\"name\":\"GBP\\\/CAD: Pound Extends Gains on UK Housing Data - 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Originally from Bucharest, Ileana most commonly transfers EUR to RON and speaks Romanian, English, Italian, Spanish and German.\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/author\\\/ileana-ionescu\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"GBP\/CAD: Pound Extends Gains on UK Housing Data - Currency Live","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/currencylive.com\/news\/101911-gbp-cad-pound-extends-gains-on-uk-housing-data\/","twitter_misc":{"Written by":"Ileana Ionescu","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/101911-gbp-cad-pound-extends-gains-on-uk-housing-data\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/101911-gbp-cad-pound-extends-gains-on-uk-housing-data\/"},"author":{"name":"Ileana Ionescu","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b"},"headline":"GBP\/CAD: Pound Extends Gains on UK Housing Data","datePublished":"2019-12-30T14:50:18+00:00","dateModified":"2019-12-30T14:51:17+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/101911-gbp-cad-pound-extends-gains-on-uk-housing-data\/"},"wordCount":609,"image":{"@id":"https:\/\/currencylive.com\/news\/101911-gbp-cad-pound-extends-gains-on-uk-housing-data\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/12\/GBP-CAD-Pound-Stronger-Despite.jpg","keywords":["cad","gbp"],"articleSection":["CAD","GBP"],"inLanguage":"en-US","copyrightYear":"2019","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/101911-gbp-cad-pound-extends-gains-on-uk-housing-data\/","url":"https:\/\/currencylive.com\/news\/101911-gbp-cad-pound-extends-gains-on-uk-housing-data\/","name":"GBP\/CAD: Pound Extends Gains on UK Housing Data - 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