Halifax House Price Index (MoM) (Sep)
Event Data
| Metric | Value |
|---|---|
| Actual | 0.3% ↑ |
| Forecast | 0.2% |
| Previous | 0.3% |
Analysis
The actual value of 0.3% exceeded the forecast of 0.2%, indicating positive economic performance. This can strengthen the GBP currency and may lead to increased investor confidence in United Kingdom's economy.
Halifax House Price Index (MoM) (Sep) is an important economic indicator for United Kingdom. This data is closely monitored by traders, investors, and policymakers to assess the health of the economy and make informed decisions. Regular monitoring of such indicators helps market participants anticipate central bank policy changes and economic trends.
Frequently Asked Questions
What is Halifax House Price Index (MoM) (Sep)?
Halifax House Price Index (MoM) (Sep) is an economic indicator released by United Kingdom that measures important aspects of the economy. This data is closely monitored by traders, investors, and policymakers to gauge economic health and make informed decisions.
Why is this event important?
This event has Medium importance for financial markets. It provides valuable insights into the economic conditions of United Kingdom.
How did the actual value compare to forecasts?
The actual value (0.3%) exceeded the forecast (0.2%), which is generally viewed as a positive sign for the economy. This can strengthen the GBP currency.
When was this data released?
This economic data was released on July 10, 2024 at 06:00 UTC. Economic calendars help traders plan around these releases to manage risk and capitalize on market movements.
