Europe Stocks End Lower
European bourses closed lower Wednesday. London's Financial Times-Stock Exchange 100 index finished down 44.2 points, or 1.01%, to 4,335.40. The pound sterling is at an 11-year high vs. the dollar. Chancellor of Exchequer Gordon Brown said that the U.K. would have to borrow more money to finance government spending programs. The Bank of England's Kate Barker says that homebuilders are limiting housing supply to keep prices high, and has called for radical steps to increase supply.
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