House Prices & Equities Helped Pound to Rise

  June 03rd, 2010 at 13:12

Great Britain poundThe Great Britain pound extended its advance against the U.S. dollar today as the growing house prices and the rising nation’s equities, which previously fell, signaled that the economic recovery accelerates.

The average cost for a house rose by 0.5 percent the last month to the highest level in almost two years. It’s still early to say whether the recovery is sure, but it looks like the environment become somewhat more favorable to the risk.

GBP/USD traded near 1.4662 as of 11:13 GMT today after it opened at 1.4652.

If you have any questions, comments or opinions regarding the Great Britain Pound, feel free to post them using the commentary form below.

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