UK house prices decline 0.2% in September, annual growth halves to 0.8%
Nationwide house prices fell 0.2% month-on-month in September, with annual growth slowing to 0.8%, the weakest since December 2025.
Nationwide house prices fell 0.2% month-on-month in September, with annual growth slowing to 0.8%, the weakest since December 2025.
The final Q2 GDP figure was revised up to 0.5% quarterly and 1.4% annual growth, with minimal market impact expected.
BoE's Taylor sees policy as restrictive enough and no broad inflation shock, but a lone “insurance hike” could be read as the start of a series.
BoE Deputy Governor Ramsden said persistent high energy prices could justify a rate hike, though he currently sees little second-round effects.
BOE Deputy Governor Breeden says energy prices may stay elevated, potentially forcing policy response despite limited pass-through.
UK banks completed first interbank tokenised deposit transfers, with BoE backing the approach over stablecoins.
UK September flash services PMI fell to 51.7, below expectations; manufacturing beat at 52.0, composite also missed.
UK August retail sales rose 0.5% month-on-month, beating expectations for a 0.2% decline.
Bailey says rate decisions grow harder the longer the Iran conflict lasts; inflation risks still subdued; four hikes not discussed.
The BOE is expected to hold rates at 3.75%, with focus on whether the vote split narrows to 5-4.
BoE expected to hold at 3.75% Thursday, but Iran-driven energy surge lifts market odds of a November hike to 80%.
UK inflation rose to 3.1% in August, a five-month high, ahead of the Bank of England's interest rate decision.
UK headline CPI rose to 3.1% in August, while core inflation held steady at 2.6%, in line with forecasts.
UK August CPI data due today, with headline seen rising to 3.1%. Core and services inflation in focus ahead of BOE decision.
UK labour market data showed further cooling in July and August, with payrolls down 26,000 and wage growth easing to 3.9%, ahead of the BOE decision.