This morning, we saw a slowdown in growth of housing prices month-on-month for the UK. Previous month saw housing prices increase by 0.5% and for this month it was forecasted to not grow at all at 0%, instead we saw a smaller growth of 0.3%.
There have been indications that if certain fiscal policies for the housing market are put in place at the autumn budget that housing prices would start to come down, this could be an early indication of the market sentiment expecting taxes to increase in relation to property sells. Annually the housing market is still up by 2.4%.
At the same time this morning Germany released its retail sales, and we can see an improvement month-on-month from -0.5% to 0.2%, the figures came in as forecasted and has not led to market reactions for EUR pairs.
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