Citing the sovereign debt crisis' attack on euro zone banks and public finance systems, Prime Minister David Cameron also noted England is lagging as far as economic growth is concerned as the monetary unit endured its top losses to the Japanese yen in one week.
"The housing data was pretty poor, one of the worst prints for a while," foreign-exchange strategist Chris Walker with UBS in London told Bloomberg. "There's a general tone of dollar buying, which is having an effect on cable."
The average price for English and Welsh homes dropped slightly more than 3 percent from October, representing the biggest fall since November of last year, according to a report released by Rightmove and cited by Bloomberg.
One day after voting out the incumbent ruling party, Spain saw its government bond yields continue to rise, according to Reuters. Italian and Belgian government bond yields also continued rising, as did those in France, the second-largest economy in the euro zone.
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