The pound drops against the dollar on housing and retail news |
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The U.K. pound traded near the lowest level in 2 and a half years against the dollar after an industry report showed house prices fell in August although not as bad as the previous month, however it boosted the case for the Bank of England to lower interest rates. The Sterling fell earlier as the Royal Institution of Chartered Surveyors reported the number of real-estate agents and surveyors said prices dropped exceeded those reporting gains by 81 percentage points, from 83 percentage points
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