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31/12/2013 12:30 AST
The pound climbed for a fourth day against the dollar, approaching a two-year high, before reports this week that economists said will show house prices climbed and mortgage approvals increased.
Sterling has advanced versus 13 of its 16 major counterparts this year amid speculation strength in the housing market will support the economic recovery. A gauge of British home prices jumped 0.7 percent in December after increasing 0.6 percent in the previous month, according to the median estimate of analysts in a Bloomberg News survey before Nationwide Building Society releases the data on Friday. U.K. government bonds were little changed.
The pound rose 0.2 percent to $1.6529 as of 8:20 a.m. London time after gaining 0.9 percent in the previous three days. It climbed to $1.6578 on Dec. 27, the highest since August 2011. Sterling appreciated 0.4 percent to 83.35 pence per euro after advancing to 83.29 pence yesterday, the strongest level since Dec. 5.
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Bloomberg
Ticker | Price | Volume |
---|---|---|
SABIC | 114.77 | 5,915,941 |
US Dollar | 1.00 |
Saudi Riyal | 3.75 |
Derham Emirati | 3.67 |
Qatari Riyal | 3.65 |
Kuwaiti Dinar | 0.30 |
Bahraini Dinar | 0.38 |
Omani Riyal | 0.39 |
Euro | 0.81 |
British Pound | 0.71 |
Japanese Yen | 104.70 |
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