020 7898 0500It was a relatively quiet day for UK economic data yesterday, which made it rather surprising that sterling managed to claw back some of its earlier losses as the day went on. The main release was the Halifax house price index which came in at 0.5% against an expectation of 0.2%. This means prices are 3.9% higher than they were at the same point last year.
Today we have the balance of trade report for October which is expected to narrow from -£2.7 billion to -£2.4 billion. We will also see the production figures for October.
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