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27 Mar 2015
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House Prices in Britain Rise

Today’s data showed that house prices in the UK rose less than expected for March, despite a strong pace of growth in the domestic labour market and a supply constraint in the nation’s real estate segment continuing to help push up home rates. Separately, today BoE chief, Mark Carney indicated that the next move by the central bank would likely be a rise in rates. This is in line with the BoE’s earlier guidance that the low energy prices led weakness in Britain’s inflation is temporary. Across the Atlantic, a weekly survey showed yesterday that the number of first time jobless claimants in the US eased more than expected for the previous week. Going forward, revised US GDP figures for the final quarter of 2014, along with a speech by Janet Yellen, will keep investors interested in the latter half of today’s trading session.
27 Mar 2015
Share

House Prices in Britain Rise

Today’s data showed that house prices in the UK rose less than expected for March, despite a strong pace of growth in the domestic labour market and a supply constraint in the nation’s real estate segment continuing to help push up home rates. Separately, today BoE chief, Mark Carney indicated that the next move by the central bank would likely be a rise in rates. This is in line with the BoE’s earlier guidance that the low energy prices led weakness in Britain’s inflation is temporary. Across the Atlantic, a weekly survey showed yesterday that the number of first time jobless claimants in the US eased more than expected for the previous week. Going forward, revised US GDP figures for the final quarter of 2014, along with a speech by Janet Yellen, will keep investors interested in the latter half of today’s trading session.