British Home Prices Fall for Third Month

British house prices fell for a third month in November, the worst performance in more than a decade, and services growth slowed, increasing speculation the Bank of England will cut interest rates today.

The average cost of a home in Britain declined 1.1% to $400,000 from a month earlier, a report by HBOS Plc showed yesterday. Prices last fell for three months in a row in 1995. Services from banking to travel grew at the slowest pace in four years last month, according to an index by the Chartered Institute of Purchasing and Supply.