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UK house prices take a nosedive hinting to depth of recession

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UK house prices take a nosedive hinting to depth of recession



Although it is true that UK house price movements do not directly relate to capital markets or multi-asset electronic trading worlds, it is a point of interest that changes in house prices are an indicator of domestic economic security and confidence.

Britain is a nation of home-owners. The phrase 'An Englishman's home is his castle' has been very appropriate for many generations and more than just a home, many residents in the United Kingdom see their home as a solid investment which should appreciate steadily over time.

When house prices drop, especially by a substantial amount, this can be considered a sign of weakening economic conditions, which may impact currency and stock markets.

This is a good example of how the British Pound has fallen against Western major currencies from mid-2022 to very recently.

A few days after Liz Truss held the record for the shortest tenure of any Prime Minister in British History for only 44 days, Rishi Sunak, the replacement Prime minister, took office. The former chancellor Kwasi and Ms. Truss were both expelled from office.



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