Day: April 8, 2008

Pound Slides as House Prices Fall 2.5%

The Great Britain pound fell sharply today against dollar, euro and yen as the house prices fell in March by 2.5%, indicating that the country’s mortgage market slump is not over yet. Halifax House Price Index — a housing report of HBOSplc — showed a 2.5% decline in prices for March with the annual growth (March 2008 to March 2007) at as little as 1.1%, significantly below the overall CPI level in the United Kingdom (2.5%). HBOSplc expects that there […]