UK January Nationwide house prices +0.7% vs +0.1% m/m expected

<ul><li>Prior 0.0%</li></ul><p>The average price of a dwelling in the UK increases to £257,656 to start the new year. Nationwide notes that "there have been some encouraging signs for potential buyers recently with mortgage rates continuing to trend down". This comes as investors are becoming more optimistic on the view that the BOE is set to cut interest rates in the months ahead.</p>

This article was written by Justin Low at www.forexlive.com.