U.K. home asking-price inflation rises marginally in January

U.K. Rightmove house price index for January was released today, implying that asking prices in the housing market rose just 0.4 percent year-on-year in January. The rate maintained the wide downward trend seen in the last two-and-a-half years and, with the exception of November’s small negative reading, was the softest since the end of 2011.

Most other indicators released recently from the housing market, including transactions and mortgage data, have been in line with a stable loss of momentum, most obviously showing uncertainty over Brexit.

“But stretched affordability, past tax changes, and broader concerns about the general economic outlook in the UK have also helped to suck life out of the sector”, noted Daiwa Capital Market Research in a report.

At 18:00 GMT the FxWirePro's Hourly Strength Index of United Kingdom was neutral at 24.1099, while the FxWirePro's Hourly Strength Index of US Dollar was highly bullish at 109.344 more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex