(Bloomberg) -- The pound fell for a second day after
a report showing U.K. house-price growth almost stalled in July,
signaling five interest-rate increases in the past year are
beginning to bite.
The pound slid from a 26-year high against the dollar after
figures from Nationwide Building Society showed house prices rose
0.1 percent from June, the slowest pace of growth in 15 months.
Bank of England Deputy Governor John Gieve said on July 24
interest rates at 5.75 percent are probably ``restrictive.''
Read more at Bloomberg Currencies News
a report showing U.K. house-price growth almost stalled in July,
signaling five interest-rate increases in the past year are
beginning to bite.
The pound slid from a 26-year high against the dollar after
figures from Nationwide Building Society showed house prices rose
0.1 percent from June, the slowest pace of growth in 15 months.
Bank of England Deputy Governor John Gieve said on July 24
interest rates at 5.75 percent are probably ``restrictive.''
Read more at Bloomberg Currencies News
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