Sterling at 12-year high to US dollar

STERLING posted its eighth weekly gain against the US dollar to reach a 12-year high, on signs of stronger economic growth in Europe's second-largest economy.

Mon, 06 Dec, 2004 - 00:00

Bank of England governor Mervyn King says he expects growth to accelerate in the fourth quarter of 2004.

House prices gained 1%, recovering from their first drop in three years in October, the Nationwide Building Society.

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Courts Place: Europe Place: London Person: Governor Person: Mervyn King Person: Derek Halpenny Person: George Soros Person: Chancellor of the Exchequer Person: Gordon Brown Person: Brown Organisation: Bank of England Organisation: Nationwide Building Society Organisation: Bank of Tokyo-Mitsubishi Organisation: Organisation for Economic Cooperation and Development Organisation: OECD Organisation: Britain Organisation: Confederation of British Industry

<p>Picture: AP Photo/Mark Schiefelbein.</p>

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