UK annual house price growth falls to 0.5% in October, the slowest pace since January 2024, while bitcoin price is hit by Binance hack
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Britain’s housing market is feeling an autumnal chill, as rising mortgage rates hits demand.
“Market activity and house price growth have slowed in recent months, in part reflecting the uncertain economic backdrop. Geopolitical tensions remain high, with the conflict in the Middle East exerting upward pressure on energy prices, fanning inflation concerns.
“This in turn has led to mounting financial market expectations of Bank Rate increases, which have maintained upward pressure on the market interest rates which underpin mortgage pricing.
Surveyors report that new buyer enquiries remain weak. Moreover, consumer sentiment dipped noticeably in October, with households becoming less confident about the outlook for the general economy as well as their own financial situation in the year ahead.
7am GMT: Nationwide’s October House Price Index
9.30am GMT: UK GDP quarterly national accounts: April to June 2026
10am GMT: eurozone GDP report for Q3 2026