UK house price slide accelerates in March: Nationwide

March 31, 2023

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📚 Daily Digest | Friday, Mar 31, 2023

UK house price slide accelerates in March: Nationwide

"British house prices slid in March at the fastest annual rate since the financial crisis, mortgage lender Nationwide said on Friday. House prices fell 3.1% year-on-year, the biggest such drop since July 2009, Nationwide said. Compared with February this year, prices were 0.8% lower."

Today's Top News

Forex

Sterling eases against dollar but heads for monthly gain

Sterling eased versus the dollar on Friday as a murky economic outlook overshadowed data showing Britain's economy avoided a recession in the final months of 2022.

Global

In Germany, King Charles honours victims of WWII allied bombings

King Charles laid a wreath in memory of the victims of the allied bombing in World War Two during a visit to Hamburg's St Nikolai memorial, the remains of a church in Germany's northern port city severely damaged by the air raids.

Commodities

Crude oil higher; Chinese PMI, U.S. inflation data help

Oil prices traded higher Friday, boosted by signs of recovery in China's economy and slightly cooler than expected U.S. inflation data.

Stock Markets

UK Amazon workers to strike for six days in April

Amazon workers at a warehouse in central England are to hold six more days of strikes in April in a dispute over pay, a statement from the GMB trade union said on Friday.

Stock Markets

Non-farm payrolls, BoE minutes,Topps Tiles and Easter: Next week's agenda

"UK-wise it's quiet ahead of the expected Easter getaway, which has been greeted by the prospect of ten days of strike action at Heathrow. Minutes from the last meeting of the Bank of England's rate-setting committee should also be fascinating, coming right after the onset of the banking crisis. Ex-dividends on Thursday, meanwhile, from Barratt, Reckitt Benckiser, Smiths plus others will knock around 8 points off the FTSE 100 index at the opening bell."

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