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Hub You - Currency Exchange: How This May Affect Your Spanish Property Purchase
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The Nationwide predicted property price growth w
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Sterling hit a 3-week low against a strong euro and held steady against the dollar after data showed British house prices barely budged in April following a jump in March.
The Nationwide Building Society said prices were up only 0.1 percent in April, after a 1.1 percent rise the month before, taking the average price of a British home to 163,573 pounds in seasonally adjusted terms.
The annual rate dropped back to 4.8 percent in April from a 10-month high of 5.3 percent in March.
"The data was a bit below expectations but I think the uptrend in UK housing prices is still there," said Kris Bernie, market economist at National Australia Bank.
The Nationwide predicted property price growth w
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The Nationwide Building Society said prices were up only 0.1 percent in April, after a 1.1 percent rise the month before, taking the average price of a British home to 163,573 pounds in seasonally adjusted terms.
The annual rate dropped back to 4.8 percent in April from a 10-month high of 5.3 percent in March.
"The data was a bit below expectations but I think the uptrend in UK housing prices is still there," said Kris Bernie, market economist at National Australia Bank.
The Nationwide predicted property price growth w
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The annual rate dropped back to 4.8 percent in April from a 10-month high of 5.3 percent in March.
"The data was a bit below expectations but I think the uptrend in UK housing prices is still there," said Kris Bernie, market economist at National Australia Bank.
The Nationwide predicted property price growth w
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"The data was a bit below expectations but I think the uptrend in UK housing prices is still there," said Kris Bernie, market economist at National Australia Bank.
The Nationwide predicted property price growth w
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The Nationwide predicted property price growth would probably slow further over the rest of 2006.
By 0729 GMT, sterling was steady against the dollar at $1.7850. The pound hit a three week low against the euro at 69.81 pence before recovering slightly to 69.73 pence.
The euro has been riding high this week, hitting a 7-month peak against the dollar.
Interbank rates
GBP/EURO – 1.4350
EUR/GBP – 1.4410
EUR/USD - 1.2401
GBP/USD – 1.7950
USD/GBP - 1.7898
GBP/AUD - 2.3752
GBP/NZD - 2.8400
GBP/CAD - 2.0130
GBP/CYP - 0.821
GBP/AED – 6.540
GBP/ZAR – 10.95
GBP/CHF – 2
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