Yellen to HFSC:

FXStreet (London) - US Federal Reserve chairman Janet Yellen continues her testimony before the House Financial Services Committee.

- "The economy is continuing towards the Fed’s target of full employment."

- "The housing sector has however shown very little progress. The housing sector levelled off after last year’s increase in mortgage prices."

- "Inflation expectations well-anchored"

EUR/GBP hits lowest level since September 2012

A combination of a strong pound with a struggling euro amid divergent economic performances and policy expectations, has sent the EUR/GBP to its lowest level since early September 2012.
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