Forex | Forex | Sterling could regain due to little thrust on U.S. dollar (31/08/2009 11:12:27)

Sterling could regain due to little thrust on U.S. dollar

Fundamental U.K. house prices rose for the first time in two years in August as a dearth of homes for sale pushed up prices in London and the southeast, Hometrack Ltd. said. The average cost of a home in England and Wales rose 0.1 percent from July to 155,800 pounds ($253,000), the London-based property research company said in an e-mailed statement today. The increase, the first since July 2007, left house prices 6.7 percent lower than a year earlier, the smallest annual decline in a year.


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