Sterling carried on where it left off last week, trading at a four-year high against the US dollar during the Asia trading session yesterday morning, breaking the 1.68 level at one point. Amidst this activity came a report from Smart Currency partner Rightmove showing that house prices had risen this month. A quiet day throughout the European and American sessions saw sterling drift slightly lower against many of its major trading partners from those regions.
Today promises to be an important one for sterling, with the release of the year-to-year consumer price index (CPI), which indicates changes in inflation within the UK. Positive data here could provide the basis of further sterling strength so ring your trader today to check the latest rates.
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