Forex News: Thursday's Halifax house price survey showed a 2% decline in June, with the year-on-year smoothed numbers falling 6.1%. However, BNP Paribas says the raw year-on-year percentage drop is 8.6%, which is below the lowest point seen in the early '90s slump. The bank says the numbers are grim, but there is likely worst to come and it expects to see a double-digit drop from next month.
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