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Currency alert on Pound Sterling
by Stella Giudicelli
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The Pound has extended the gains it made early on this morning on the back of better than expected housing market data from Nationwide. The Building Society reported a 0.7% in UK house prices last month, half a percent more than expected.
The final figure for 4th quarter GDP has been revised up to 0.4%. This has allowed the Pound to consolidate above $1.5050 and test resistance line at $1.51.
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Author
Stella Giudicelli
Firm: Moneycorp Inc
Practice Areas:
Foreign Currency Exchange
Languages spoken:
English, French
Moneycorp are currency exchange specialists and have been established for 30 years. They will offer the most competitive exchange rates available, ... read more »
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