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December 24, 2007 - Forex Economic News
Forex Fundamentals - UK housing prices decline. GBP hits record low vs. Euro.
The GBP pound fell to a record low today against the euro as new UK housing data was released. Housing prices fell 0.3 percent in December from November according to survey data released by HomeTrack Ltd. This was the third consecutive month of price decline and the largest decline month to month in almost three years. The time to sell a house in the UK has also risen to 8.3 weeks according to the survey. In U.S. trading, the euro was trading at 0.7284 per pound and the pound was trading at 1.9772 per U.S. dollar just after 9:24 am EST.
Tags: GBP record low, HomeTrack, UK Housing Data------------------- Blog index
