Sterling is in a much better position against the dollar since it’s collapse at the start of the week. Overall however, the pound is slightly weaker than both the euro and dollar compared to this time last week.
For September, the RICS UK residential market survey showed that the percentage of surveyors reporting a house price rise in their designated area was 32%. This was due to a net balance of +32 of respondents citing an increase in house prices, as rising mortgage costs and declining sales volumes weighed on the housing market. October’s reading is forecast at 41%.
