Public sector borrowing in the UK increases less than projected

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Source: Forexpros

UK's public sector net borrowing increased less than expected last month. The figure rose to GBP15.2 billion in November from GBP3.0 billion in the preceding month. Experts initially expected the figure to increase to GBP15.8. After the data release, the Pound continued to see gains against the USD with pair GBP/USD currently trading at 1.5720, adding 0.36%.

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Wed, 21 Dec 2011 17:09:10 GMT

US existing-home sales increased by 4%

US existing-home sales edged up 4% last month to annual rate of 4.42 million on a seasonally adjusted basis, reported the National Association of Realtors. Experts predicted the figure to rise by 15.555555% to 5.03 million units. The median price for houses decreased by 3.5% in November achieving $164,200 as compared to 2010. Housing inventory also declined by 5.8% to 2.58 million.

Wed, 21 Dec 2011 17:08:48 GMT

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