Sterling Rises with Consumer Confidence & House Prices

  January 31st, 2013 at 9:24, Vladimir Vyun

Stack of UK coins on GB pound billsThe Great Britain pound advanced today, rising for the third straight session against the US dollar, as consumer confidence improved and growth of house prices beat forecast in the United Kingdom this month.

The GfK consumer confidence rose from -29 in December to -26 in January. The report noted that “there’s a definite note of optimism in these findings”, but “people’s views of their own financial situation aren’t as optimistic”. The Nationwide House Price Index advanced 0.5 percent in January, beating the forecast of 0.3 percent. On an annual basis, the index was unchanged.

GBP/USD rose from 1.5797 to 1.5834 as of 9:24 GMT today. GBP/JPY was near its opening level of 143.86, rebounding from the daily low of 143.41.

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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