
16th April, 2009
THE pound rose to a three-month high against the dollar yesterday after a housing survey raised hopes of a recovery in the UK.
Sterling rose above $1.50, its highest level against the dollar since mid-January. It also rose against the euro, hitting a six-week high of 1,137 euros.
A survey by the Royal Institution of Chartered Surveyors had found that new inquiries in the housing market had risen for the fifth consecutive month in March.

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