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UK house prices fell in December

Monday, Dec 14 2015
Though, there are no major data releases from the UK today, early this morning Rightmove released its house price data. London asking prices have gone up 10% in the last year, yet some experts are warning the market could run out of steam in 2016. Prices are down 0.5% compared with last month, according to figures published by property website Rightmove this morning. 
 
The smallest December dip since 2008 took asking price growth to 9.9% annually. It is faster than November’s annual rate of growth of 8.1%. “Whilst a fall is the norm at this time of year, this is December’s best price performance in the capital since 2008,” said Rightmove director Miles Shipside.
 
Sterling is currently being traded around 1.5180 area. Pair is likely to find support around 1.5150 handle and resistance above 1.5230 level. There will be no major data releases later today.
Last modified on Monday, 14 December 2015
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