- MarketPulse - https://www.marketpulse.com -

UK House Prices Fall For First Time in Two Years

U.K. house prices fell for the first time in almost two years in March, according to the latest report from Nationwide Building Society.

The 0.3 percent monthly drop, the first decline since June 2015, pulled the annual rate down to 3.5 percent from 4.5 percent. That’s the weakest year-on-year increase in values since August 2015.

While there’s monthly volatility in price changes, the underlying trend is showing the U.K. housing market cooling. The annual increase was close to 6 percent a year ago.

Bloomberg [1]

GBP/USD – Pound Higher as Trump Threatens Currency Manipulators [2]

West Texas Crude Hits 3-Week High as OPEC Looks to Extend Production Cuts [3]

GBPUSD Screen Grab [4]

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Craig Erlam

Craig Erlam [8]

Senior Market Analyst, UK & EMEA at OANDA [9]
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam
Craig Erlam

Latest posts by Craig Erlam (see all [8])