Home value knowledge from Nationwide
Consensus estimate was +1.5% y/y
January m/m costs -1.6% vs +Zero.1% anticipated
Prior m/m studying was -Zero.7%
That is two months in a row of soppy readings on UK housing. It is not a fear that is registering notably excessive on the radar but it surely’s one more reason the Financial institution of England may be on maintain longer than it needs to be.
Cable completed the week with a virtually 100 pip achieve to 1.2723.