Pound Slumps as House Prices Decline

The Great Britain pound dropped nowadays and dropped heavily as the house prices in Britain tumbled, reinforcing the negative outlook for the united kingdom economy.


Rightmove reported that the House worth Index was down by three.1 % in November from October, following the increase by a pair of.8 % in October from the preceding month. That was the largest drop since November 2010. The drop of the prices was attributed to the negative impact of the european crisis on the arrogance of shoppers and businessmen.


GBP/USD sank from 1.5794 to 1.5642 and GBP/JPY slid from 121.36 to 120.18 as of 13:49 GMT today.