The Great Britain pound extended its advance against the U.S. dollar today as the growing house prices and the rising nation’s equities, which previously fell, signaled that the economic recovery accelerates.
The average cost for a house rose by 0.5 percent the last month to the highest level in almost two years. It’s still early to say whether the recovery is sure, but it looks like the environment become somewhat more favorable to the risk.
GBP/USD traded near 1.4662 as of 11:13 GMT today after it opened at 1.4652.
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