Pound Declines Versus Euro; House Prices Fuel Economic Concern
This article is for subscribers only.
The pound fell against the euro as a report showing house prices fell for a second month in June added to signs that the U.K. economic recovery is stalling.
Sterling earlier touched the lowest level against the dollar since January. The average cost of a home in the U.K. slipped 0.1 percent in June from May, London-based property researcher Hometrack Ltd. said in an e-mailed report.