GBP/USD: Housing prices have grown up

Forex analytics: According to HBOS data, released today Halifax housing price index, has grown again (+1.7% in January against 2.0% in December; over the last three month +9.7% versus 9.5% in December on the annual basis). This data has supported the GBP, as the overheated market will not allow to reduce interest rate in the UK. Today, at 14:00 (GMT+2) the Bank of England will announce its interest rate decision, ...