Housing prices in the UK increased by 1.4% in July from the previous month, when their growth was 0.9%, according to Halifax. Economists had expected the index to grow by 0.2%. The rise in housing prices in the three months to July accelerated to 3.3% in annual terms from 1.8% in the second quarter. An acceleration to an average of 2.7% was expected. The average price of housing in the country rose in July to a record level of 230 thousand 280 pounds. Halifax Managing Director, Russell Culley, noted that he did not expect that the recent increase in the base rate of the Bank of England would significantly affect the availability of the mortgage or the volume of transactions.
The Dollar fell to two-year lows on Friday, heading to its lowest decline in 10 years as concerns mounted over the economic recovery of the U.S. amid a second resurgence of the COVID-19 pandemic. The Dollar index plunged to 92.777, on course ...
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Financial markets saw record heights earlier on Friday, with the Euro continuing its 21-month gain streak and gold prices hitting its highest level amid a weakened Dollar. The Euro soared above the Dollar by 1.7%, trading at $1.1616 for the ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...