Pound Stays Higher Versus Dollar After U.K. Housing Data Release - Businessweek
April 6 (Bloomberg) -- The British pound stayed higher against the dollar after a report that said U.K. house prices rose in March.
Sterling was 0.3 percent stronger at $1.6349 as of 8:04 a.m. in London after Halifax said prices increased 0.1 percent from February. The U.K currency was 0.1 percent weaker at 87.33 pence per euro.
In the three months through March, prices fell 2.9 percent from a year earlier, the mortgage unit of Lloyds Banking Group Plc said in a statement on the Regulatory News Service in London today. The average value of a home last month was 162,912 pounds.
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