Sterling hurt by house price data

The US dollar and sterling were both fractionally higher versus the yen on Thursday, to ¥122.42 and ¥248.38 respectively, while the euro gained 0.2 percent to ¥168.53 in relation to the Japanese currency after going to a new record high at ¥168.66.

The New Zealand and Australian dollar both gained 0.3 percent on the yen as well, to ¥95.80 and ¥105.72 respectively.

The new declines for the yen came after the Bank of Japan voted by an 8 to 1 margin to hold interest rates there at 0.5 percent for the time being

Helped by positive data on the GDP and industrial production, the euro also hit a new record high in relation to the US dollar when it reached $1.3799 and remained 0.2 percent higher versus the US currency to $1.3770 at midday in New York.

The euro was also higher in relation to sterling, adding 0.4 percent to £0.6788.

Sterling, meanwhile, was weaker on new house price inflation figures, dropping 0.2 percent to $2.0289 in relation to the greenback.

Story link: Sterling hurt by house price data