GBP UK House Prices Show Lack of Movement

UK house prices rose by 0.2% in February compared with the previous month, but were the same as a year ago, the Nationwide has said.

The building society said that the average UK home cost £162,638.

The figures, based on its own mortgage data, signalled the lack of movement in prices in the last two years, it said.

But there were “tentative signs” of a pick-up in activity in recent months owing to the relative strength of the jobs market.

via BBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza