UK data: - RICS house price balance (August): +6% (expected 0%)
The Royal Institution of Chartered Surveyors (RICS) House Price Balance measures the percentage of surveyors reporting a house price increase in their designated area.
Comes in at +6% for August
- expected was flat at 0%
- July was 1%
- RICS say London house prices weakest reading since 2008
- Number of house for sale in UK has not grown since November of last year
This data indicator does not tend to move the FX much at all.