+0.3% prev
- biggest fall in 9 months
- yy +3.3% vs +4.5% exp vs +4.6% prev
Softer reading will please the BOE but it's not the only house price index to be produced so not the definitive indicator
Still a 2year low yy though and worthy of note
Nationwide says
"This maintains the gradual downward trend that has been in evidence since mid-2014. House price growth continues to outpace earnings but the gap is closing helped by a pick-up in annual wage growth"
GBPUSD still around 1.5610 EURGBP 0.7088
