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GBP/USD to 1.5520 as U.K. House Prices Rise

The pound rose for a fourth day versus the dollar, its longest winning streak since November, after a report showed U.K. house prices increased this month.

Sterling climbed to the highest level in more than two months against the U.S. currency. Average house-price values in England and Wales increased 0.3 percent, the same as in March, which was the largest gain in three years, Hometrack Ltd. said in an e-mailed statement today. In London, prices jumped 0.7 percent, the property researcher said.

The pound rose 0.3 percent to $1.5523 at 7:45 a.m. London time, after strengthening to $1.5527, the most since Feb. 15. Sterling was little changed at 84.18 pence per euro, after appreciating to 83.98 pence on April 26, the strongest since Jan. 24.

Bloomberg [1]

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