The British pound moved higher vis-Ã -vis the U.S. dollar today as cable tested offers around the US$ 1.4750 level and was supported around the $1.4445 level. Data released in the U.K. today saw March construction PMI rise to 30.9 while March Nationwide house prices were up 0.9% m/m and off 15.7% y/y, the first monthly rise since October 2007. It was also reported that ISD median pay increases fell to +3.4% y/y in the three months to February. Cable bids are cited around the US$ 1.4515 level. The euro came off vis-Ã -vis the British pound as the single currency tested bids around the ‚¤0.9085 level and was capped around the ‚¤0.9170 level.
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