Pound Reaches 22-Month High Versus Euro on Homes Boost
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The pound reached a 22-month high against the euro after an industry report showed British house prices rose in April, boosting demand for U.K. assets.
Sterling touched an eight-month high versus the dollar after the Swiss National Bank said it almost doubled its holdings of pounds in the first quarter. The U.K. currency later erased gains versus the greenback as a technical gauge signaled its 10-day advance was overdone. Ten-year gilts rose.