Pound Approaches Month Low Versus Dollar as House Prices Climb

Source: Bloomberg
© Scanpix/FP
The Pound was lower by 0.1% to $1.6048 in the beginning of London trading session on Monday. The British Sterling depreciated for a third consecutive session against the Dollar approaching the lowest level in one month period. The currency depreciates even as a Helifax report indicated an unexpected 1.3% increase in U.K. house prices last month. The Pound is lower by 0.3% in the last six months, as the Euro is up by 2.3% and the Dollar lost 4.1%.
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