Sterling under-performing – Scotiabank

FXStreet (Guatemala) – Analysts at Scotiabank, in respect of the UK and sterling, explained that Nationwide’s measure of house prices rose 0.8% in December, the biggest gains in eight months.

Key Quotes:

“The mortgage lender said strengthening growth and labour market trends will support further gains in the months ahead.

UK bonds weakened on the data, lifting UK yields relative to the GBP’s major currency peers but the GBP remains a relative, if very marginal, under-performer versus the USD and EUR.”

Analysts at Scotiabank, in respect of the UK and sterling, explained that Nationwide’s measure of house prices rose 0.8% in December, the biggest gains in eight months.

(Market News Provided by FXstreet)