RICS House Prices printed substantially softer-then-expected providing evidence of a frothing UK housing market. Fundamentals are light for the rest of the week as investors turn to global markets for direction. Headline consumer inflation data and Bank of England minutes on the docket for next week
[B][U]UK Fundamentals:[/U][/B]
[B][I]Next 24 Hours (7/13):[/I][/B]
- [B]Leading Indicator Index (MoM) (MAY)[/B]
Survey: n/a
Previous: 0.6%
[B][I]Last 48 Hours:[/I][/B] - RICS House Price Balance (JUN) (REVISED)
Actual: 10.6%
Revised: 22.5%
See Daily FX Weekly Calendar for further insight.