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U.K Housing Weaken Further, Lowing Growth Prospect for the New Year

U.K. November BBA mortgage approvals hit just 17.8k compared to revised 20.8K in October, resulting in a 61% decline from a year earlier. Weakening demands paired with the downturn in the financial market has certainly take a toll on Europe’s second largest economy, and conditions may only get worse in 2009 as the economy heads into a recession.Fundamental Headlines • CIT to Convert Into... [read more]


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