British pound was little changed against the US dollar on Monday, after Rightmove House Price data was released, stating the sixth consecutive monthly jump in house prices in UK.
GBP/USD pair traded at 1.5699 as of 7:01 GMT. The cross climbed to 1.5738 on June 13, the highest value since February 11th. Meanwhile, EUR/GBP was at 0.8494.
Earlier on Monday an industrial report showed that Rightmove House Price Index in the United Kingdom rose by 1.2% in June on a monthly basis, continuing its streak, after it recorded a 2.1% rise during May. According to the report, the average ask price per house reached 252 798 GBP, as this was the first time to exceed the level of 250 000 GBP. UK houses have managed to become 10% more expensive for the past six months. In London house prices hit record levels at 515 243 GBP. In annual terms, the Rightmove House Price Index added 2.7% in June, while in May the increase rate was 2.5%.
Pound has gained 4.2% in the past three months, the best performer in the Bloomberg Correlation-Weighted Indexes, which track 10 developed-market currencies. The dollar fell by 0.1%, while the euro added 2.1%.
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