GBP/USD Rises from Lowest Since November, GBP/JPY Drops
The Great Britain pound rose against the US dollar today for the first time in seven sessions as house prices advanced this month. The currency extended its drop versus the Japanese yen for the second day.
The Rightmove House Price Index increased 0.2 percent in January following the 3.3 percent drop in December. The report said that confidence of market participants improved. That allowed the sterling to rise from the lowest level since November against the greenback, but did not help to gain on the Japanese currency.
GBP/USD advanced from 1.5846, the lowest opening rate since November 15, to 1.5889 as of 9:55 GMT today. At the same time, GBP/JPY dropped from 142.76 to 142.18.
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Earlier News About the Great Britain Pound:
- Pound Drops as Retail Sales Confirm Weakness of UK Economy (2013-01-19)
- BOE, As Expected, Stays the Course (2013-01-10)
- Growth Concerns Weigh on the UK Pound (2013-01-08)
- UK Pound Loses Ground on Economic Data, Risk Aversion (2013-01-04)
- Pound Sinks as UK Housing Sector in Trouble (2013-01-03)