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U.S. Pending Home Sales Unexpectedly Tumble To Ten-Month Low

With an upswing in mortgage rates and a lack of inventory dispiriting some would-be homebuyers, the National Association of Realtors released a report on Wednesday unexpectedly showing a sharp pullback in U.S. pending home sales in the month of Novemb…

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Fxwirepro: Gbp/usd Drops Below 1.2250, Scope for Further Downside

GBP/USD declined on Wednesday as sterling was under steady pressure as the UK government heads into negotiations on its EU exit.
 
A stronger U.S. dollar also added losses for the Sterling as the dollar firmed on upbeat economic data and incre…