UK Sept Nationwide HPI data now out 29 Sept
- -0.1% prev
- yy 2.0% vs 1.9% vs 2.1% exp
Small improvement belying current sentiment overall with a stalling market noted as per my convo with a local estate agent yesterday.
GBPUSD 1.3411 near session lows after the failure into 1.3450 yesterday, I hope the rally sellers out there took good advantage.
- London housing the weakest in UK for first time since 2005 with house prices down -0.5% yy
- UK housing market can withstand modest impact of a small interest rate hike as long as economy does not weaken further
Cautionary words as per my note above.
Heads up that I’m just hearing on BBC Radio 4 they have BOE gov Carney on the Today programme at 07.10 GMT