Cable Corrects on More Weak Housing Data

More disappointing data on UK housing conditions as printed figures fall well below economists? forecasts. Fundamental traders contend that BoE monetary policy is finally gaining traction as a tightening regime snaps demand for home purchases.

[B][U]UK Fundamentals:[/U][/B]

[B][I]Next 24 Hours:[/I][/B]
No economic data set for release on Friday 7/27.
Next set of data comes on Monday with the release of M4 Money Supply, Net lending, and Mortgage Approvals.

[B][I]Last 24 Hours:[/I][/B]
[B]Nationwide House Prices, nsa (YoY) (JUL)[/B]
Actual: 9.9%
Previous 11.1%
[B]Nationwide House Prices, sa (MoM) (JUL)
[/B]Actual: 0.1%
Previous 1.1%
[B]BAA Loans for House Purchase[/B]
Actual: 75318
Previous 77443

See [I]Daily FX Weekly Calendar[/I]for further insight