The Great Britain pound advanced versus the US dollar and the euro today as almost all economic reports from Britain were better the expected, while the eurozone provided a set of disappointing data, increasing the appeal of the sterling as a haven from Europe’s crisis.
The house price balance of Royal Institution of Chartered Surveyors improved to -7 percent in October from -14 percent in September. The Consumer Price Index rose from 2.2 percent in September to 2.7 percent in October. Both values were expected to stay little changed from the previous reports. That contrasted to the European data, which was worse than anticipated.
GBP/USD rose from 1.5875 to 1.5905, following the drop to 1.5855, and EUR/GBP fell from 0.8001 to 0.7992 as of 11:58 GMT today.
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