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Friday's session brought UK GDP and House Prices figures. UK GDP in volume terms increased by 0.5% in Quarter 3 (Jul to Sep) 2015 and by 2.3% when compared to the corresponding quarter of the previous year. This was in line with market expectations. Between 2013 and 2014 GDP increased by 2.9%; this was the highest annual rate of growth since 2005, when there was an increase of 3.0%. When comparing Quarter 2 (Apr to Jun) 2015 with Quarter 3 2015, 3 of the 4 output industrial groupings increased.

UK house prices edged up by 0.1% in November, though the annual pace of price growth slowed a little, to 3.7% from 3.9% the previous month. The annual rate of house price growth has fluctuated in a fairly narrow range between 3% and 4% over the past six months, which is broadly consistent with earnings growth over the longer term.

 

On Monday, Net Lending to Individuals data will be released from the UK. Analysts are anticipating decrease to 4.8 billion pounds. In the US session Chicago PMI and Pending Home Sales figures will be published. Chicago PMI is expected to decrease to 54.3, while Pending Home Sales should mark 1.6% rise.

 

Figures to watch:

 

Net Lending to Individuals (Monday 10:30)

Chicago PMI (Monday 15:45)

Pending Home Sales (Monday 16:00)

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