Market Update: UK’s Annual House Price Growth Slows to 0.3%

The UK house prices in the three months to November were 0.3% higher than in the same three months a year earlier – slowing from the 1.5%...


The Halifax Bank of Scotland just released the figures for House Price Index. It’s a leading indicator of the housing industry’s health because rising house prices attract investors and spur industry activity.

As per the report, the house prices in the three months till November were 0.3% higher than in the same three months a year earlier – slowing from the 1.5% annual growth recorded in October, and recording the lowest rate of growth since December 2012.

The GBP/USD spiked to $1.2775 before dropping to $1.2750. Read the full report here.

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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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