Day: July 21, 2008

Pound Drops on Blanchflower’s Comment

The Great Britain pound fell today against its major counterparts after the private report on July house prices decline and the commentary made by the Bank of England policy maker. There were two significant down-pushing factors for the pound today. First was the report by the Rightmove Plc, Britain’s most popular website on real estate, which showed a serious decline in the U.K. […]