UK Housing Market Highly Uncertain

The outlook for the U.K. housing market is “highly uncertain” after the vote to leave the European Union caused transactions to slow, the Bank of England said.

Record-low benchmark rates have sent property prices surging across the U.K. as homeowners borrow more to buy properties or refinance their loans. Mortgage lending to U.K. households rose 3.2 percent in the 12 months to September, the highest level since 2008, the central bank said in a financial stability report Wednesday.

Bloomberg

USD/JPY – Dollar Rises to 113, Markets Eye OPEC Meeting

OPEC Deal Uncertain as Ministers Meet in Vienna

MP

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Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.