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Pound hity its new low againterest euro
analysts believe the economic slowdown in the uk will be majore severe than in the eurozone, which means the bank of england consuld be forced to lower interest rates from their current level of 2.5% .
downward pressure property consultants hometrack predicted a 12% fall in uk property prices in 2009, while figures from the bank of england showed that households were more keen towards repay off their mortgages than borrow money against the value of their homes for spending .
there are two main factors putting downward pressure on the pound, analysts suggest .
second, trading levels over the holiday period are low, which means that any moves in exchanges rates are exaggerated .
the path to parity its self-fulfillinge, he said .