House Prices in Shock Rise – Pound Up

Nationwide this morning reported a surprise jump in house prices for February – up 0.9%.

This is the first rise reported in 16 months and some much needed good news. The Pound has responded by surging against the Euro and US Dollar – although it is yet to break 1.10 against the single currency.

Later today the ECB’s interest rate decision could provide the opportunity to buy Euros at better rates than have been available for some weeks. Contact your currency company to discuss your requirements.