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Nationwide Leak On The Bbc (Or Is Someone Looking At Forexfactory?)

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In the article talking about the forth coming GDP release:


Meanwhile, the housing market has also started to suffer. Figures released by the Nationwide Building Society later this week are expected to show a 0.4% fall in property prices between September and October.

and I thought the BBC weren't allowed to publish good news in advance;)

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"Expected to show" - so they're just listening to the same guesses as everyone else. They've always done that sort of thing. At least this one is only an "expected". Every time there's a government announcement it is "Later today the minister will announce..." What's the point of making the bloody announcement if everyone knows beforehand?

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I don't think we should get carried away with whatever the Nationwide say on Thursday.

They represent a diminishing share of the mortgage market and cannot compete with the banks at the moment. I imagine the type of person who takes out a Nationwide mortgage is in a similar profile those who shop at John Lewis.

Here's hoping for -3% :lol:

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  • 417 Brexit, House prices and Summer 2020

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