UK House Prices On The Up - MI150124

January 15, 2024
UK House Prices On The Up - MI150124

The early hours of this morning saw Rightmove release its house price index. Whilst there was an annualised contraction that was offset by a monthly increase of 1.3%.

This could coincide with market rhetoric that inflation is now dropping back quickly which could knock on to the Bank of England dropping interest rates.

Besides the European trade balance later this morning it's a relatively light morning for news ahead of first thing tomorrow.

Tomorrow sees both German inflation numbers and the UK unemployment rate being reported.

For German inflation the expectation is annualised growth of 3.8% and for UK unemployment the forecast is an increase to 4.3% from 4.2%.

Business news centres on the world economic forum starting today in Davos. It goes on until Friday. The forum sets the tone for global economic decisions and trends.

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Economic calendar

EUR: 10:00 Trade Balance

GER: Tuesday 07:00 Inflation Number

UK: Tuesday 07:00 Unemployment Rate

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