Best Financial Markets Analysis Article David Stevenson writes: Almost every day, it seems, someone else wants to tell us the housing market's picking up.

On Tuesday, even the taxman had a go. Apparently the number of British homes sold (for more than £40,000) was up 15% in June compared with May.

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Thursday, May 24, 2007

Spain Sells Its Foreign Reserves, Savings Spent? / Economics / Spain

By: Julian_DW_Phillips

The Banco de Espana's holdings of foreign currencies and gold have fallen to €13.2bn (£9.02bn), equivalent to 12 days of imports, according to their website. Last week saw a continuation of their sales of gold of, possibly, in the region of 10 to 15 tonnes more.

Over the past two months the Banco de España has sold off 80 tonnes of gold.

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