Mon, February 20, 2017
London house prices set their biggest annual decline in almost six years in February as high values deterred buyers.
The average asking price in London dropped 0.4% to £641,116 this month from a year earlier. This is the first yearly fall in 6 years. Asking prices rose 2.6% from last month which is the weakest monthly gain for a February since 2009 during the depths of the recession.
For the U.K. as a whole, asking prices increased 2% to an average £306,231, the largest monthly rise in a year. However that is still the weakest February performance in 8 years and well under the 5% average gain for the month over the past seven years. That meant the national annual gain of 2.3% was the slowest since April 2013.
The Pound rose slightly against the Dollar and the Euro over the weekend to 1.2447 & 1.1720.
Data to look out for today.
Not Much Data Out Today
CURRENCY PAYMENTS MADE SIMPLE
PRESS RELEASE
KBRFX was mentioned in the Essex Chronicle for the top 100 companies by turnover in Essex http://www.essexchronicle.co.uk/100-Essex-businesses-revealed-annual-survey/story-25140555-detail/story.html
| Day | Time | Currency | Event |
|---|---|---|---|
| MON | 07:00 | EUR | EUR German Producer Prices (YoY) | MON | 07:00 | EUR | EUR German Producer Prices (MoM) | MON | 11:00 | GBP | GBP CBI Trends Total Orders | MON | 11:00 | GBP | GBP CBI Trends Selling Prices | MON | 14:50 | GBP | GBP Bank of England Bond Buying Operation | MON | 15:00 | EUR | EUR Euro-Zone Consumer Confidence |
| {currency-pair} | {exchange-rate} |
|---|
*These are indicative rates only, based on interbank prices at the time of writing. For exact rates please contact our dealing team
| S | M | T | W | T | F | S |
| 29 | 30 | 31 | 1 | 2 | 3 | 4 |
| 5 | 6 | 7 | 8 | 9 | 10 | 11 |
| 12 | 13 | 14 | 15 | 16 | 17 | 18 |
| 19 | 20 | 21 | 22 | 23 | 24 | 25 |
| 26 | 27 | 28 | 1 | 2 | 3 | 4 |
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