Thursday , 7 November 2024
Home Forex UK house price indicator has its biggest September m/m rise since 2016
Forex

UK house price indicator has its biggest September m/m rise since 2016

Data via property
website Rightmove in the UK

September average asking prices for homes increased by
0.8%, double the average for the time of year in the series and the biggest for the month since 2016.

  • -1.5 August

For the y/y +1.2%

  • prior +0.8%

Rightmove cited the market getting a boost from a new government and
the first rate cut from the Bank of England since 2020.

  • “still uncertainties ahead,
    including the timing of a second Bank Rate cut, and which
    segments of the market could be affected by announcements in
    October’s Autumn Statement”

This article was written by Eamonn Sheridan at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Gold price remains tepid despite a steady US Dollar ahead of Fed decision

Gold price (XAU/USD) extends its losses for the second successive session on...

PBOC governor Pan says will continue to implement supportive monetary policy

Will strengthen communication with marketsTo steadily promote opening up of China's financial...

Saudi Arabia Gold price today: Gold falls, according to FXStreet data

Gold prices fell in Saudi Arabia on Thursday, according to data compiled...

Chart Art: Potential Pullback Points After Bitcoin (BTC/USD) Hit Fresh Record Highs

Bitcoin was one of the biggest movers yesterday after Trump’s election win...