UK data lifts sterling vs euro; dollar bounce hits cable
* UK consumer confidence, housing data lifts stg vs euro
* Buoyant dollar pushes cable back below $1.65 * Pound on track for biggest weekly gain vs euro in 9 months
* Attention turns to BoE's decision on QE next week
By Jamie McGeever
LONDON, Oct 30 (Reuters) - Sterling rose against the euro on Friday on the back of perky UK consumer confidence and housing data, but fell by a bigger margin against the dollar as declines in global stocks boosted the U.S. currency across the board.
This meant sterling was firmly on track for its biggest weekly rise against the euro in nine months, extending this week's rebound as traders put the surprise fall in third-quarter UK output announced last week to the back of their minds.
But losses of 1 percent or more on major U.S. and European stock markets triggered selling in "high beta" currencies closely linked to stronger growth and asset markets, such as sterling, in favour of the dollar.
At the end of a week of generally mixed UK economic reports, the Nationwide Building Society on Friday said that British house prices rose for a sixth month running in October to register their first annual gain since early 2008. Continued...
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