020 7898 0500After last week’s toing and froing, sterling started the week stronger and stable ahead of the Bank of England’s policy meeting on 15th December.
Rightmove house price data did little to move the pound. House prices were down by 2.1% month on month in December but that came as no surprise because December is known to be a tricky month for the housing market. The report still suggests a 2% increase in 2017, versus a current annualised pace of 3.4%.
There may be a degree of sterling volatility today when the latest inflation figures are released. The market is pricing in a slight rise.
