Good news for french property buyers - Sterling hits 3 week high

Sterling hit a three-week high against a pressured euro on Friday, with the single European currency hurt by soft euro zone data and a broad-based recovery in the dollar. The domestic environment for the pound remained weak after data released overnight showed consumer confidence falling to its lowest level since 1990, while figures on Thursday showed a record fall in UK house prices. The UK GfK consumer confidence index deteriorated to minus 29.0 in May from minus 24.0 in April. Figures released from British retailer John Lewis showed department store sales down 2.8% in the week to May 24. Right now Interbank is at 1.2725 with Natwest offering 1.2127.

source: IFX