The Great Britain pound rose against the euro today as house prices increased last month in the United Kingdom. The sterling was soft against other most-traded currencies, including the US dollar.
The Rightmove House Price Index advanced 2.1 percent in April after increasing 1.7 percent in March. It was the fourth consecutive monthly increase. The pound rose against the euro on the news, but was weak versus the dollar, effectively reversing its last weekâs performance (when it fell versus the greenback, but declined against the shared European currency).
GBP/USD was at 1.5337 as of 12:01 GMT today after falling from 1.5339 to 1.5302. At the same time, EUR/GBP edged down from 0.8545 to 0.8526.
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