Monday, Dec 24, 2007
Pound keeps diving
Bloomberg: Pound Falls to Record Low Against Euro
The pound fell to its lowest ever against the euro as a report showing a decline in house prices stoked speculation the Bank of England will keep cutting interest rates to shore up the economy. The average cost of a home in England and Wales slipped for a third month, dropping 0.3 percent to 175,200 pounds ($348,350), Hometrack said today.
Posted by alan @ 08:45 AM (354 views) Add Comment
1 Comment
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1. David Smith's Sub Prime. . . said...
And it will continue...
Base rates at 0% anyone? Doesn't really matter if this screws the economy up!