16 Mar 2015

Rightmove Indicates UK House Price Rise

March’s Rightmove report showed today that house prices in the UK registered the third consecutive monthly rise, amid signs of a supply shortage in Britain’s property sector. Going forward, the minutes of the BoE’s latest policy meeting, along with the official labour market report in the UK scheduled later this week, are likely to keep Sterling traders interested. Across the Atlantic, market participants will keep a tab on today’s industrial production data which is expected to show that output among US producers improved for February, despite a stronger greenback weighing on the nation’s exports. In the absence of any notable macro triggers in the Euro zone, focus is likely to remain on Greece’s stand-off with its international lenders.