Market insights

House prices rise in the UK - MI180923

In the early hours of the morning Rightmove released month on month growth of 0.4% in house prices. A yearly contraction of -0.4% perhaps indicating the worst may be over in the property market.

This news had little effect on Pound rates, so it could the speeches from the ECB through the day that moves GBP/EUR.

Other than that it's a fairly quiet day for scheduled news.

Business news continues in the same vein with a look at increasing rental prices in the UK. Apparently rental prices are increasing at the fastest pace in 9 years. Possibly fuelled by buy to let mortgage rates going up dramatically.

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Economic calendar

EUR: 10:00 ECB's Luis De Guindos Speech

EUR: 16:00 ECB's Fabio Panetta Speech

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