FTSE 100 boosted by rise in UK house prices

In the United Kingdom, the FTSE 100 was marginally higher, as it was reported that house prices rose last month.

Data from mortgage lender Nationwide showed that prices increased by 0.9% last month, in comparison to 0.7% in October. 

London’s FTSE 100 closed 1.55% higher on the data, as the final reading was 0.4% higher than markets expectation for a 0.5% monthly increase.

GBPUSD also rebounded, as it moved away from its 2021 low of 1.3194, which it recorded in Tuesday’s session.

It is also expected that the Bank of England will raise rates in upcoming months, as a means of combating rising consumer prices.

Private payrolls higher, days before key NFP report

Days before the release of November’s Non-farm payrolls report, it was reported that private payrolls had unexpectedly surpassed market expectations.

Figures released by the ADP on Wednesday, showed that payrolls increased by 534,000 last month, which is above forecasts for a 506,000 increase.

In a statement released following the report, the ADP stated that, “It’s too early to tell if the Omicron variant could potentially slow the jobs recovery in coming months”.

Markets now await Friday’s NFP report, where it is expected that 550,000 jobs would be added to the U.S. economy. 

Many expect that a strong NFP report will give the Federal Reserve further validation in commencing the tapering of its QE program. 


Trading any financial instrument on margin involves considerable risk. Therefore, before deciding to participate in margin trading, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. Consulting with your investment counselor, attorney or accountant as to the appropriateness of an investment in margin trading is recommended. This electronic mail message is intended only for the person or entity named in the addressee field. This message contains information that is privileged and confidential. If you are not the addressee thereof or the person responsible for its delivery, please notify us immediately by telephone and permanently delete all copies of this message. Any dissemination or copying of this message by anyone other than the addressee is strictly prohibited.

Feed news Join Telegram

Recommended Content

Recommended Content

Editors’ Picks

AUD/USD retreating from around 0.7000

AUD/USD retreating from around 0.7000

The AUD/USD pair hit 0.7008 before retreating, following US stocks’ behavior. Wall Street benefited from easing US government bond yields but ended the day mixed ahead of critical US data.


EURUSD bulls losing the battle around 1.0200

EURUSD bulls losing the battle around 1.0200

EUR/USD edged higher on Monday, but remains unable to clear the 1.0200 threshold, trading a handful of pips below the figure. The energy crisis in Europe and tensions with Russia undermined demand for the EUR.


Gold bulls looking to overcome the $1,800 barrier

Gold bulls looking to overcome the $1,800 barrier

Gold advanced on Monday, reaching an intraday high of $1,790.01 a troy ounce during the American afternoon, holding nearby. The greenback gave back the Nonfarm Payrolls report-inspired gains and eased on the back of retreating US government bond yields.

Gold News

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Are your bags packed for FOMO Season?

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Are your bags packed for FOMO Season?

The crypto market shows strength to start the second trading week of August, and key levels have been identified. Although it's still early market, current prices may be the ultimate discount in hindsight.

Read more

FXStreet Premium users exceed expectations

FXStreet Premium users exceed expectations

Tap into our 20 years Forex trading experience and get ahead of the markets. Maximize our actionable content, be part of our community, and chat with our experts. Join FXStreet Premium today!