Article: Evening Standard, London, Angus McCrone column.

By Angus McCrone, Evening Standard, London Knight Ridder/Tribune Business News

Aug. 19--Every time Paris sneezes, Europe catches a cold, according to an old saying. In Britain, we now have a new version -- every time Mervyn King so much as sniffs, the future value of your house gets the shakes.

Every decision by the Bank of England Governor, and even every word he says, has an impact on sales in the property market. But it has an even bigger impact on City attempts to predict the future value of houses.

This spring and summer, King has rocked the homebuyers with three interest-rate rises. However, his words have been equally powerful, ...

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