Sterling
gained ground yesterday morning against most of it's major peers including the
euro and US dollar after an industry report showed home asking prices to have
risen for a fifth consecutive month.
The data from Smart Currency partners
Right move Plc described house prices rising by 2.1%, pushing values to
record highs and bringing sterling up from it's lowest level in six weeks
against the US currency.
A slew of economic data is scheduled for release this
week that should prove influential for the UK and sterling’s performance
including the publication of key inflation data released today in the form of
producer and consumer price indices.
Later on this week, traders will pay close
attention to the Bank of England latest policy meeting minutes, retail sales
figures and revised growth data. Talk to your trader for the latest prices as
things unfold.
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