Latest data released by the UK Nationwide Building Society — 1 March 2018
- Prior m/m +0.6%; revised to +0.8%
- House price index +2.2% y/y vs +2.6% expected
- Prior y/y +3.2%
Delay in the data release by the source.
A slight miss on residential prices for the month, though again it’s a light data point. Nothing major to shake things up. The average residential house price is £210,402 from the report, down from £211,756 in January.
Cable is up to 1.3765 currently, as the dollar weakens a little across the board. EUR/GBP is at 0.8867, still tightly bound while GBP/JPY is near highs at 147.00.