Pound Slides on Real Estate Data

The pound was of the few currencies which couldn’t profit from a higher risk appetite today versus the dollar and the yen as another real estate report declined attractiveness for Britain’s currency, which started the week falling versus multiple currencies.

After two reports published today in London showed a decline on house prices and mortgage approvals in the British real estate market, the pound slid versus a stronger euro, an attractive Swedish krona that benefited from a national manufacturing report beating forecasts, and also versus commodity linked currencies as demand metals and the crude oil rose today.

EUR/GBP traded at 0.8725 as of 23:09 GMT from an opening rate yesterday of 0.8692.

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