Nationwide October house prices have come in at +0.4% m/m, +2.0% y/y compared to median forecasts of +0.6%, +1.8% respectively. It’s the sixth straight monthly rise, and I’m still not convinced. Watch out next year is all I’m saying.
Cable sits at 1.6525 continuing it’s slow early drift lower. Obviously 1.6500 looms as important psychological support.
Technical support 1.6520/25, resistances 1.6580 and 1.6600/10.
