The dollar was given an unexpected boost against the pound yesterday after housing figures came in better than expected. New home sales, expected to continue to decline month on month, in fact returned to the positive, while the S&P/Case-Shiller House Price index showed prices to be growing faster than this time last year.
Nonetheless, there is still plenty of uncertainty ahead, with the markets awaiting tomorrow’s GDP figures, which are expected to show growth enter into the negative.
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