USD Gains Momentum
The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!
British home-sellers lift prices by most since 2007
In March, UK home-sellers lifted their asking price by approximately 1.5%, which is the biggest monthly leap since 2007. That’s what property website Rightmove informed on Monday.
Rightmove's figure doesn’t appear to be seasonally updated. What’s more – it actually contrasts with a much more tepid picture painted so far in 2018 by mortgage lenders Nationwide and Halifax, whose property valuations have edged up at the weakest annual tempo since 2013.
Rightmove director Miles told that it’s still to be seen if March’ 11-year price ascend turns to be a catch-up anomaly following two more-subdued months, or it’s an early indicator of price pressure forming a real head of steam.
In the first quarter of 2018 asking prices in general managed to rally 3% compared to the end of the previous year, which is a bigger seasonal leap than in early 2017, although less than in 2016, exactly when property tax trims drove sales in the beginning of the year.
Aside from that Rightmove told that prices were powered by a 5% descend in the number of properties being offered for sale versus 2017. He added that some purchasers might be attempting to complete their purchases before the United Kingdom’s major financial institution dares to have interest rates lifted.
In spite of the fact the British economy speeded down in 2017 because higher inflation affected consumer demand, the vast majority of market experts surveyed by Reuters expect the Bank of England to lift interest rates in May because of worries that above-target inflation is going to be slow to descend.
On Friday, Britain’s key bank told that there had been a leap in the proportion of mortgages being issued, which is 4.5 times below a borrower's income. That’s the upper limit of what the key bank considers to be safe.
Similar
NVIDIA to Become the Next Tesla
The United States has one week before default, and NVIDIA may become the next Tesla. What else drives the market?
Progress in US Debt Talks, Gold Is Down
Some progress in US debt ceiling talks is made, and the PMI data is out.
Latest news
No More US Debts in Sight
The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.
Gold Rises as Central Banks Buy More
About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.
US Evades Default This Time
Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!
