Market Overview

GBP/USD Trading Higher, RICS Downgrades U.K Home Sales


GBP/USD is trading at 1.2324, up 0.0065.

The pair is trading choppy and just under the session highs.

The Royal Institution of Chartered Surveyors (RICS) downgraded their outlook for U.K. property sales for 2017.
The group said sales activity has been "stuttering" after gaining ground. The number of owners wanting to sell their property has failed to see any pick up and the number of properties on the books of estate agents remained at an average of 45.8, near a record low of 43.9.


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