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Pound Rises amid Calm Trading, Housing Data Supports

April 15, 2019 at 10:56 by Vladimir Vyun

A fan of Great Britain 10-pound notesThe Great Britain pound rose today in absence of any significant news after the Brexit extension till October 31. Positive domestic macroeconomic data might have helped the currency a bit.

The Rightmove House Price Index rose 1.1% in April, the biggest monthly increase in over a year and the biggest gain for this time of year since 2016. The index was up 0.4% in March. The report mentioned the Brexit delay as a positive factor that may have contributed to the rise:

Brexit delay could boost spring market activity as short-term uncertainty recedes.

GBP/USD gained from 1.3071 to 1.3101 as of 10:42 GMT today. GBP/JPY edged up from 146.32 to 146.68.

If you have any questions, comments, or opinions regarding the Great Britain Pound, feel free to post them using the commentary form below.

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