Julian Benson
on December 7th, 2022 This morning markets heard UK house prices recorded their biggest falls since October 2008. The monthly index came in at -2.3%, considerably lower than the forecasted -0.1%. This marks the third consecutive month of declines.
Halifax and The Bank of Scotland reported that the typical UK property price is now £289,579, which is £46,403 higher than pre-pandemic levels. We have yet to see whether the pound has reacted to this.
GBP/USD: the past year
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