The pound has shed 0.4 per cent against the dollar this morning (December 13th), forex traders may have seen. According to Reuters, sterling decreased versus its US counterpart - down to $1.5760, although still above its 100-day moving average of $1.5750 - after a UK property survey revealed negative results for the housing sector. Rightmove discovered the asking price for homes in England and Wales decreased by three per cent within the last month, leading to predictions of bigger falls next year. But, UK input prices, to be released today, are expected to display another rise. Geraldine Concagh, economist at AIB Group Treasury in Dublin, said support for the dollar has come in the shape of higher US yields, however the Rightmove data has weighed on the pound "a little". This comes after sterling was up against the dollar on Friday morning by 0.2 per cent at $1.5809, but there was little activity overall as forex traders waited to see if there was a rate hike by Chinese authorities.

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