Pound Falls Versus Dollar as Report Shows House Prices Declined

The pound fell for a second day against the dollar as a report showed U.K. house prices declined in July for the first time this year.

Britain’s currency climbed to the strongest level in a month versus the euro on concern that the debt crisis in the 17-nation currency region is intensifying. U.K. home sellers lowered asking prices by 1.6 percent from June when they gained 0.56 percent, Rightmove Plc, the U.K.’s biggest property website, said today.