The monetary unit of the U.K. slipped for the second-straight day on Thursday against the common currency of the European Union as doubts emerged about the strength of the recovery of the regional economy, Bloomberg reports.
The pound's four consecutive trading sessions of advances against the world's reserve currency ceased during the Thursday trade session as Bank of England policy makers prepare for policy meetings next week. They have said they plan to keep interest rates low until the regional unemployment rate falls.
Bank of England governor Mark Carney said he is keeping a watchful eye on the housing market of the region, according to The Guardian. That sector's performance is likely to demonstrate the near-term path of the economy as it struggles to recover.
Home prices rose 0.3 percent last month, matching the same gain from August, according to the mortgage division of Lloyds Banking Group Plc. Bloomberg-polled economists forecast gains of 0.5 percent.
Bloomberg reports the pound's losses on Thursday against the shared currency of the European Union amounted to about 0.3 percent and 0.2 percent against the greenback.
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