Pending home sales, a leading indicator of economic health in the US, rose 0.8% month-over-month in February. This came after an 8.1% jump in January 2023 and marks the highest level seen since August 2022. Recent figures also beat market forecasts of a 2.3% fall.
Although this would have pleased markets, the US dollar remains weaker than sterling. Against the euro however, the greenback is up by around 0.48% on a weekly basis.
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