Pound Lost against Euro on Decreasing House Prices

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Source: Bloomberg
© Scanpix/Reuters
The Pound depreciated for a second day versus the Euro on the U.K. manufacturing report showed house prices didn't increase in November, proving recovery of the U.K. economy is slowing down. Sterling lost 0.2% against the Euro and traded at 81.04 pence per Euro, following decline to 81.14 pence, a one-month low, on Tuesday, and it is forecast to fell to 83 pence per Euro by April. The Pound fell against all, but 3 of 16 main counterparts amid gain of European stocks.
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Thu, 29 Nov 2012 16:57:20 GMT

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