The Great Britain pound dropped today house price balance fell last month more than was predicted by analysts, spurring speculation that additional stimulus from the Bank of England should be expected.
The Housing Market Survey of Royal Institution of Chartered Surveyors showed that the house price balance fell from -11 in March to -19%. That means that 19 percent more surveyors reported price declines than increases. Forecasts said that the balance would rise to -10. Some economists started talking that the safe haven role of the sterling is unwarranted.
GBP/USD slid from 1.6191 to 1.6140 and GBP/JPY dropped from 129.33 to 128.86 as of 13:17 GMT today.
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