Latest HPI data just out

  • 0.0% prev revised up from -0.2%
  • 3mth-year +9.5% vs +9.0% exp/prev

Stronger HPI follows on from the recent Nationwide reading and the upturn will bring concerns to the BOE but that doesn't necessarily mean rate hikes. They have, and can, introduce more regulation/controls as they've repeatedly stated last year

GBPUSD not impressed by the data and has now broken down through 1.4600 to post 1.4585 as USD demand continues overall