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U.K. Home Prices Rise As Demand Fueled By Recovery
Monday, 21 September 2009 11:53:24 GMT  |  John Rivera, Currency Analyst
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Fundamental Headlines

•  Slack Attack: Fed Faces Test on Inflation – Wall Street Journal
•  Nations Ready Big Economic Changes – Wall Street Journal
• G20 should address global challenges – Financial Times
• Stocks Retreat on Valuations as Dollar Gains; Oil, Gold Decline – Bloomberg
• G-20 Bank Push Risks Profits From Goldman to Barclays -Bloomberg


GBPUSD– U.K. home prices rose 0.6% in September according to Rightmove LLC, which was the second increase in the past three months. However, the increase doesn’t offset last month’s 2.2% drop but does signal that confidence is starting to build. The easing recession and low interest rates has helped fueled demand. Additionally, banks have increased their willingness to lend as mortgage approvals rose to its highest level since April, 2008. The BoE left its benchmark rate at 0.50% at its last policy meeting as inflation remains subdued. Discuss the topic and your trade ideas in the  GBP/USD Forum.
 

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