- Published on Monday, 20 February 2012 11:48
- Written by Bloomberg.com
The pound strengthened for a fourth day against the dollar after an industry report showed U.K. house prices increased in February, damping speculation the central bank will further extend its bond-purchase program.
Sterling rose to a three-month high versus the yen amid speculation minutes of the central bank’s February meeting to be released this week will show less support for more so-called quantitative easing. Gilts dropped for a third day as European officials moved toward agreement on a 130 billion-euro ($172.2 billion) financial aid package for Greece, reducing demand for safer securities. Full story