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Higher House Prices Being Ignored By Currency Markets

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LONDON, Feb 27 (Reuters) - Sterling opened weaker in early European trade on Monday as
investors shrugged off an upbeat British house prices survey
and focused on its weakness against the yen.
British house prices rose by 0.4 percent during February, the fastest pace since June 2004, according to property consultant Hometrack's latest survey.
I think this is just a short-term phenomenon. The housing market recovery looks driven by low interest rates and expectations for low UK interest rates,"
said Carsten Fritsch, currency strategist at Commerzbank in Frankfurt.

The only thing keeping Gordon Brown's "Miracle Economy" going is low IR and the debt driven society (Debt now greater than GDP). Sterling reflects reality and reality is that the debt driven culture of the "Miracle Economy" is a bandwagon that is coming to a grinding halt. The VIs delight in ever increasing house prices is indeed a short-term phenomenon as world IR are trending upwards.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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