House prices in the U.K. declined unexpectedly in September

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Source: Reuters

Halifax, a mortgage lender, reported on Thursday that its house price index declined unexpectedly, as demand was influenced by the weak economy. In September, British house prices lost 0.4%, following an unexpected August's 0.5% increase. Economists, however, predicted that U.K. house prices would add 0.2% last month.

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Thu, 04 Oct 2012 11:32:47 GMT

Pound at a 2-week low against Euro, rate decisions eyed

On Thursday, the British Pounds was at a 2-week low versus the Euro, as traders eyed the upcoming results of BoE meeting. Although, the central bank is expected to leave its policy unchanged, soft data in the U.K. kept alive speculation about another monetary stimulus. The Euro added 0.1% and was traded at £80.375, which was the highest since September 20.

Thu, 04 Oct 2012 12:02:49 GMT

Asian currencies rise to 7-month high on U.S. employment data

Asian currencies were close to 7-month high as data showed the U.S. employment increased more than economists projected, alleviating market concerns about global slowdown and boosting demand for riskier assets. The Taiwan Dollar gained 0.3% to NT$29.322 versus the U.S. Dollar, while the Philippines peso rose 0.1% to 41.555.The Malaysian Ringgit climbed 0.1% to 3.0575. 

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