Corporate

16 Feb 2015
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Rightmove Indicates UK House Prices Rise

Today’s Rightmove survey showed that house prices in Britain rose for February, keeping the Pound supported. However, the main focus among traders is likely to be on tomorrow’s consumer price inflation data in the UK, especially after the BoE recently hinted at prospects of a fall in domestic consumer prices in the near term. Across the Atlantic, Friday’s preliminary Reuters/Michigan survey revealed that consumer morale deteriorated unexpectedly for February as households were less optimistic about the current, as well near term, outlook for the US economy. In the Euro zone, the international trade report for December will be eyed today, particularly after Friday’s preliminary data showed that economic growth in the region was stronger than expected for the last quarter of 2014.
16 Feb 2015
Share

Rightmove Indicates UK House Prices Rise

Today’s Rightmove survey showed that house prices in Britain rose for February, keeping the Pound supported. However, the main focus among traders is likely to be on tomorrow’s consumer price inflation data in the UK, especially after the BoE recently hinted at prospects of a fall in domestic consumer prices in the near term. Across the Atlantic, Friday’s preliminary Reuters/Michigan survey revealed that consumer morale deteriorated unexpectedly for February as households were less optimistic about the current, as well near term, outlook for the US economy. In the Euro zone, the international trade report for December will be eyed today, particularly after Friday’s preliminary data showed that economic growth in the region was stronger than expected for the last quarter of 2014.