The pound made gains against its major rivals yesterday ahead of the Bank of England’s interest rate decision today.
If you’re looking to buy a house in the UK, you may perhaps have calculated that the smartest choice was to wait for prices to collapse. Well, there’s a problem with that crafty ruse: they just aren’t coming down. The Nationwide house price index reported a 0.7% rise to the average cost of a home in January, despite predictions that the numbers would have to drop soon.
GBP/USD: the past year
From To
