UK house price inflation rises 0.8% in October

Market news

15 December 2015

UK house price inflation rises 0.8% in October

The Office for National Statistics (ONS) released its house inflation data for the U.K. on Tuesday. The U.K. house price index rose at a seasonally adjusted rate of 0.8% in October, after a 0.8% increase in September.

On a yearly basis, the U.K. house price index increased at a seasonally adjusted rate of 7.0% in October, after a 6.1% in September. It was the highest rise since March.

The higher house price inflation was mainly driven by an increase in prices in the East and the South East.

The average mix-adjusted house price was £287,000 in October, up from £286,000 in September.

U.S.: CPI excluding food and energy, Y/Y, November 2% (forecast 2.0%)

Foreign exchange market. European session: the euro traded lower against the U.S. dollar despite the positive data from the Eurozone as market participants are awaiting the release of the Fed's monetary policy meeting results on Wednesday

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.