On Jan 10th 2011 at 8.00GMT Halifax Bank of Scotland released its Housing Price Index report for December.
November value: -0.1%; Forecast: -0.3 %
Hаlifax HРI m/m is a monthly overview of the UK’s housing market. The data are provided in the form of average housing prices for various regions of the country. The report takes into account only the deals made at the expense of the bank’s funds.
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The given info gives investors an opportunity to focus on the most attractive market in terms of investing spare capital. The abovementioned factor (together with the proper time in which the info is provided) makes the indicator very important for Forex traders as it has a great impact on the national currency (GBP).
When choosing or developing an appropriate trading strategy, Forex traders should take into account that any increase in the index value usually leads to the strengthening of the British Pound currency rate.
The index is published by Halifax Bank of Scotland during the 1st decade of each month following the reporting one.
