020 7898 0500The pound climbed higher against the dollar once more following reports that North Korea has opened the door for talks with the US. The regime’s claim that they are prepared to denuclearise if their safety is guaranteed was certainly unexpected and could be a tactic to ease sanctions. However, the fact that they joined with South Korea at the Winter Olympics was a step in the right direction but, again, perhaps that was part of a bigger plan. We welcome the news, but it is difficult to receive the news without a degree of skepticism.
Today we have the Halifax house price index for February. Month-on-month, it fell by 0.6% in January and is expected to increase by 0.3% this time around. Interestingly, last month it went up 2.2% year-on-year in the three months to January 2018 which was the smallest annual increase since July 2017, which itself was the weakest in more than four years. Can the market reverse its fortunes?
