Pound is now at a record low against the Euro

Pound is now at a record low against the Euro

The pound continued to fall against the single currency as the flow of data which came out yesterday continued to be in the euros' favour. UK house prices fell by –0.5% in February, while the annual gain was the lowest since November 2005, according to the Nationwide Building Society. Investors will be watching closely the consumer lending figures which are due out at 10.30am today which are expected to show that mortgage approvals have slipped further in January. The pound is now at a record low against the Euro as the rate has hit 1.3068.