Pound falls as home values decline

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Source: Bloomberg
The Sterling tumbled versus the U.S. Dollar, after two reports posting slowdown in the real estate market showing fragility of U.K.'s economy. The U.K. currency fell to the weakest in four weeks versus the Euro as Rightmore Plc reported U.K. home sellers might seek lowering prices to retain buyers, and Halifax said house values fell in July. The Pound slipped 0.5% to $1.5558, and dropped 0.2% to 79.37 pence per Euro.
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Mon, 06 Aug 2012 11:19:07 GMT

Dow Jones shows longest weekly rise since October

The Dow Jones Industrial Average posted the longest rally since October as U.S. stocks advanced for a fourth straight week amid jobs data exceeding forecasts. The S&P gained 0.4% for the week to 1,390.99. the Dow rose 0.2% to 13.096.17, the strongest since May 3. The benchmark index for U.S. equities increased its 2012 rise to 11%.

Tue, 07 Aug 2012 16:21:10 GMT

Greenback edged higher on Monday

The U.S. dollar edged higher against the basket of major trading-partner currencies, amid heightened concerns about the Eurozone debt crisis. The greenback was higher versus the shared currency, with EUR/USD erasing 0.17% to 1.2367. The U.S. dollar was also higher versus the British pound, with GBP/USD down by 0.46% to 1.5571. At the same time, the ICE dollar index jumped 0.10% to 82.49.

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