Latest data released by the UK Nationwide Building Society - 29 March 2018
- Prior m/m -0.3%; revised to -0.4%
- House price index y/y +2.1% vs +2.6% expected
- Prior y/y +2.2%
Steady growth in house prices on the year-on-year reading, but one thing to note is that London house prices are down 1% y/y.
The average residential house price is £211,625, according to the report here.
A minor data point. GBP/USD now at 1.4087 near the highs but in a narrow range for the day. EUR/GBP similar at 0.8752. GBP/JPY at 150.07 bouncing off the lows a little.
