The pound is stronger against the euro this morning but still trading around low levels against the dollar. Sterling is benefitting from concerns over the health of the eurozone economy, which are weighing on the euro.
Data released this morning showed that, despite the cost-of-living crisis, house prices increased by 1.8% in June. This has taken the average price of a UK house to £295,000. Prices jumped by 13% annually, the fastest since 2004.
However, experts say that house price growth will slow as the cost-of-living crisis continues.
