The pound reached a fresh post-referendum high this morning against the euro. European currencies, including the euro, continue to suffer due to the Ukraine crisis. Against the dollar, the pound is weaker.
In an extremely volatile geopolitical landscape, this strength from sterling against the single currency could be short lived. The pound continues to be volatile due to the nature of the markets.
The UK’s House Price index was released this morning, revealing its steepest rise since June 2007 and pushing up the average property price by £1,478 to a fresh all-time high of £278,123.
On Friday, GDP figures will be released for the UK, expected to increase slightly to 0% month-on-month.
