Microsoft cuts Xbox 360 price in Europe

Microsoft has cut the price of the Xbox 360 in Europe to coincide with the release of the new Xbox 360 Elite.

The Core Xbox 360 will retail for £179.99 from 24 August, and the Premium edition, which includes a 20GB hard drive, wireless controller, headset and HD cables, will sell for £249.99.

The price cut follows a similar reduction earlier this month across the US and Canada.

"We are pleased to offer Xbox 360 at a new, lower estimated retail price," said Stephen McGill, head of gaming at Xbox UK.

The jet black Xbox 360 Elite, which will retail for £299.99, packs a 120GB hard drive and HDMI support.