Pound Gains as ECB Helps Greece & House Prices Rise

The Great Britain pound went up today as the European Central Bank supported plan for rollover of the Greek bonds and after the report showed that the UK house prices increased in May.

The Halifax house price index rose 0.1 percent in May, following the 1.4 percent decline in April. The sterling also rose as the ECB support of Greece spurred equities. The Standard & Poor’s 500 Index gained 0.5 percent, while the FTSE 100 Index rose 0.2 percent.

GBP/USD rose to 1.6443 from 1.6355 as of 13:47 GMT today. GBP/JPY went up to 131.80 from 130.96.

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