Market insights

UK House Prices Resilient

The early hours of this morning saw Rightmove report their house price index.

The UK saw a 0.8% annual growth from the same time last year.

Monthly numbers saw a contraction, so there could be further pressure on the Bank of England for another rate cut.

Other than that it's a very quiet day for scheduled news.

The Peoples Bank of China releases its interest rate decision in the early hours of tomorrow, but that's the only possible catalyst for market moves in the next 24 hours.

Economists are predicting they will leave the rate at 3.35%.

Business news looks at a potential hike in energy prices from October onwards with a prediction of a 9% increase from current prices.

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Economic calendar

CHN: Tuesday 02:15 PBoC Interest Rate Decision

As ever we look forward to keeping you in the loop and look out for our next update.

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