Source: ForexYard
An early report on housing inflation in the UK was released by Rightmove this morning, revealing a mild expansion in the asking price of home sales. The data has been mulling about in negative territory for the past two months, making this month’s jump to positive territory more meaningful in a longer-term context.
The Rightmove figure does not tend to carry as significant an impact as other housing reports, however. While it is a gauge of inflation, it only measures the asking price, not the selling price, of housing sales. Today’s HPI report may be enough to bump the pound mildly, though traders shouldn’t bank on today’s figure.
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