LiteForex - Analytics

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    GBP/USD: analysis and forecast on 06.02.2015

    The British currency has been growing for the third consecutive day. Yesterday the pair reached a 4-week record high at a level of 1.5343 with the pound supported by positive macroeconomic indicators. The housing price index from Halifax grew by 2% at a monthly rate instead of the expected 0.2%. At an annual rate, UK housing prices increased by 8.5% though a 7.8% growth was forecast. British data has been satisfying investors for the whole week, which significantly supported the pound. Growing housing prices are approaching inflation to the key level at which the Bank of England will be able to increase the interest rate. 

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