(Bloomberg) -- The pound may decline for a second
day on evidence house-price growth in the U.K. is slowing,
fueling speculation higher borrowing costs are starting to cool
the property-market boom.
The U.K. currency slipped from its highest since June 1981
after a report yesterday showed property values in Britain rose
at the slowest rate since January 2006 last month. Interest-rate
futures trading shows traders have scaled back bets the Bank of
England will raise interest rates to 6.25 percent this year.
Read more at Bloomberg Currencies News
day on evidence house-price growth in the U.K. is slowing,
fueling speculation higher borrowing costs are starting to cool
the property-market boom.
The U.K. currency slipped from its highest since June 1981
after a report yesterday showed property values in Britain rose
at the slowest rate since January 2006 last month. Interest-rate
futures trading shows traders have scaled back bets the Bank of
England will raise interest rates to 6.25 percent this year.
Read more at Bloomberg Currencies News
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