Dmitri Lysenko
According to the report provided by the Centre for Economics and Business Research (CEBR), the UK housing prices will go back to pre-crisis levels (seen in 2007).
Despite the relative stabilization of prices seen over the last 2 years, the excessive demand and more affordable mortgage loans will support the prices, the experts say. They expect the amount of UK mortgage loans to reach ₤109.9B in 3-4 years. Last year it was equal to ₤74.5B. This year the housing prices will grow by 0.8%.
Forex.
In the meantime, the British Pound has suspended its weakening against the US Dollar, Masterforex-V academy experts report. GBPUSD has completed the downswing - wave В(С) of Н16. At this point, wave A/B is being formed. The closest level of resistance is 1.6062. A break above it will trigger wave А(С)/С of a big-scale uptrend. Alternatively, a break below 1.5804 will continue the downswing –wave B(C ) of Daily. The MF sloping channel and pivot 1.5804 will become the closest levels of support.
Dmitri Lysenko
