(GBP/CHF) exchange rate is flat this morning, with the pairing trading at an inter-bank rate of 1.2395Fr – close to the week’s opening levels.
On Friday, data revealed that UK house prices jumped to a higher-than-forecast 5.7% in the three months to June.
This came after prices surged 5.2% in the quarter to May.
However, Sterling sentiment was left dampened as data found that monthly prices shrank 0.3% in June.
Commenting on the data, Managing Director of Halifax Russell Galley noted:
‘More generally the housing market is displaying a reasonable degree of resilience in the face of political and economic uncertainty. Recent industry figures show demand looking slightly more stable, with mortgage approvals ticking along just above the long-term average.


Thread: 
Thanks
Currently Active Users
Forex Forum India Statistics