GBP/USD Rises from Lowest Since November, GBP/JPY Drops

  January 21st, 2013 at 9:55, Vladimir Vyun

Stack of UK coins on GB pound billsThe 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.

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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