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Forex pairs in this Article » EUR/GBP (London) - Sterling is trading flat this morning after hitting two-year highs against the dollar on Friday.

GBP/USD climbed to USD 1.6578 after home value numbers released by Hometracker showed that Home values in England and Wales rose 0.5 percent from November. Sterling hit a two-year high on hopes that improving house prices will help to support the UK’s strengthening economy.

The UK economy has seen a near-unbroken run of positive macro data through the second half of 2013 and sterling has led the G10 currencies.

GBP/USD is currently trading ay USD1.6480, down 0.05 percent in choppy thin trading.

Sterling has climbed 0.11 percent against the euro on thin trading, despite improving Italian Manufacturing Business Confidence rising to 98.2 in December, from 98.0 in a rare instance of positive economic news from Italy.

EUR/GBP us down 0.11 percent to GBP0.8341.
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