Sterling gets a risk-on lift, brushes off real estate decline
LONDON, Feb 9 (Reuters) -Sterling rose on Thursday, thanks to a pickup in investor risk appetite that knocked the dollar and to hawkish comments from Bank of England officials, even after evidence of further deterioration in the British housing market.
At 1050 GMT, the pound GBP=D3 was up 0.58% to $1.21440 and was 0.08% higher against the euro, trading at 88.680 pence EURGBP=.
A survey on Thursday showed Britain's housing market suffered the most widespread price falls since 2009 last month as the run of interest rate increases over the past year weighed on would-be buyers.
"There seemed to be few UK specific factors pushing GBP higher early this morning. The RICS house price data were weak," Mizuho senior economist Colin Asher said.
Homebuilders Bellway BWY.L and Redrow RDW.L on Thursday also flagged persistent challenges in the UK property market, as consumers grapple with a cost-of-living crisis.
But the pound rose against the dollar, as positive sentiment permeated markets on Thursday. Equities rallied, with the pan-European STOXX 600 index .STOXX touching a one-year high as investors pinned hopes on peaking inflation and fears of a major recession abated.
"GBP is enjoying the positive risk appetite, rather than being driven higher by UK-specific factors. The new high for the FTSE has likely attracted some interest from overseas buyers," said Asher.
Britain's blue-chip FTSE 100 index .FTSE hovered around record highs on Thursday.
Traders paid heed to comments delivered by several Bank of Englandofficials, including those from Jonathan Haskel who said he still saw a role for "forceful action" if inflation stays persistent, language largely dropped by the Monetary Policy Committee last week.
"The commentary from the BoE members at the TSC looks to be mildly hawkish and may provide a little more upward momentum," said Mizuho's Asher.
The BoE has hiked interest rates 10 times since December 2021, the last being a week ago, as it battles to bring down sky-high inflation without causing a deep recession.
On Friday, the UK's Office for National Statistics will publish estimate GDP figures for December 2022.
"With so much buildup and with GBP in such a stasis with USD and EUR, whatever the figure prints it will have a significant effect on Sterling which is clinging to 1.20 against the dollar," David Stritch, a currency analyst at broker CaxtonFX, said in a note.
Graphic: World FX rates in 2022http://tmsnrt.rs/2egbfVh
Graphic: Trade-weighted sterling since Brexit votehttp://tmsnrt.rs/2hwV9Hv
Reporting by Lucy Raitano; Editing by Emelia Sithole-Matarise
免責聲明: XM Group提供線上交易平台的登入和執行服務，允許個人查看和/或使用網站所提供的內容，但不進行任何更改或擴展其服務和訪問權限，並受以下條款與條例約束：（i）條款與條例；（ii）風險提示；（iii）完全免責聲明。網站內部所提供的所有資訊，僅限於一般資訊用途。請注意，我們所有的線上交易平台內容並不構成，也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。
所有缐上交易平台所發佈的資料，僅適用於教育/資訊類用途，不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議，或是交易價格紀錄，或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。
本網站的所有XM和第三方所提供的内容，包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接，皆爲‘按原狀’，並作爲一般市場評論所提供，而非投資建議。請理解和接受，所有被歸類為投資研究範圍的相關内容，並非爲了促進投資研究獨立性，而根據法律要求所編寫，而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊，相關詳情請點擊 這裡查看。
