Investing.com - The pound was almost unchanged against the dollar in holiday-thinned trade on Monday, with markets in the U.K. and the U.S. closed for public holidays. GBP/USD hit 1.5156 during European afternoon trade, the pair’s highest since May 22; the pair subsequently consolidated at 1.5121, dipping 0.01%. Cable was likely to find support at 1.5062, Friday’s low and near-term resistance at 1.5172, the high of May 22. Market sentiment stabilized on Monday, but investors remained wary amid uncertainty over whether the Federal Reserve will scale back its USD85 billion-per-month asset purchase program this year. In the U.K., a report showed that house prices rose at the fastest rate in six years in May as a shortage of properties in London and a credit-easing program by the Bank of England boosted prices. London-based property researcher Hometrack said that average house prices rose 0.4% in England and Wales, the biggest monthly increase since May 2007 with prices in London jumping 0.9%. Sterling was fractionally lower against the euro, with EUR/GBP inching up 0.04% to 0.8556.

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