Cable has given up about 25 pips in early European trade, presently at 1.6915.
UK July Halifax house price index rose +1.1% m/m and in the 3 months to July vs year ago fell -12.1%, better than median forecasts of +0.6%, -12.3% respectively.
Lloyds banking group meanwhile lost £4.0 bln in the first half 2009, better than the median forecast of a £5.1 bln loss.
LLoyds report that impairment losses in the six months to June were a huge £13.4 bln, some 80% of which came from HBOS legacy assets.
The Halifax data is most certainly a plus for cable, the LLoyds data maybe marginally so.
