UPDATE: The Pound Sterling Swiss Franc (GBP/CHF) exchange rate was left muted at the end of the week. This left the pairing trading at around 1.1933Fr.
The Pound received some support today after the latest British house prices jumped by the most in 11 years. This added to signs that some parts of the country’s economy have rebounded rapidly after lockdown measures were eased.
Nationwide revealed its average house prices rose by 1.7% in July. This was the largest increase since August 2009 when the market began recovering from the financial crisis.
Nationwide chief economist Robert Gardner noted:


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