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Sterling Mixed After Downbeat Housing Reports

The pound sterling is mixed on Tuesday following two housing reports in the region suggesting ongoing price declines.UK house prices continued to decline in February, according to a report from the Department for Communities and Local Government on Wednesday which reported an annual 12.3% decline in February, a sharper decline than January's 11.5% contraction.Earlier on Wednesday, the UK's Royal Institute of Chartered Surveyors house price survey showed 73.0% of surveyors reported a fall rather than rise in

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Sterling Stronger After Upbeat Home Price Data

The pound sterling is stronger on Thursday after an unexpected increase in the UK's house prices, and as the G20 meeting kick off in London.According to a report from Nationwide, the UK March house prices rose 0.9% m/m compared to expectations for 1.5% decline and previous 1.9% fall, its first gain since 2007.Meanwhile, the G20 meeting in London officially kicked off on Thursday. A draft of the G20 communiqué contains commitments to stimulate economies to create jobs,

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UK Mar DCLG House Price Index down a 13.6%

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UK Apr Halifax House Prices down 1.7%, -17.7% YoY

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U.S. Treasury: 10 Of 19 Banks Need To Raise $75B In Capital

FXstreet.com (Jakarta) - Ten of the 19 largest U.S. financial institutions will be required to raise a combined $75 billion in capital, as the U.S. government for the first time divided healthy banks from those which may need help to weather a worsening economy. U.S. officials stressed that the move to bolster capital needs to occur across the banking industry, not just at the 19 largest firms. Treasury Secretary Timothy Geithner said the department will reopen programs to make capital

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