United Kingdom GBP

United Kingdom Halifax House Price Index YoY

Impact:
Medium

Latest Release:

Date:
Surprise:
-0.7%
| GBP
Actual:
2.5%
Forecast: 3.2%
Previous/Revision:
3.2%
Period: May

Next Release:

Date:
Forecast: 4.3%
Period: Jun
What Does It Measure?
The Halifax House Price Index measures the annual change in the average price of residential properties in the United Kingdom. Its primary focus is on the performance of the housing market, assessing key areas such as price movements, market demand, and overall economic health related to real estate.
Frequency
The Halifax House Price Index is released monthly, typically providing preliminary estimates reflecting house price changes in the previous month, with the data published in the first week of each following month.
Why Do Traders Care?
Traders closely monitor the Halifax House Price Index as it serves as a barometer for the UK housing market, influencing perceptions of consumer confidence and economic stability. Its results can impact the British pound, equities linked to the real estate sector, and overall market sentiment, as shifts in house prices may signal changes in monetary policy expectations.
What Is It Derived From?
The index is derived from a robust dataset compiled from mortgage transactions processed by Halifax, one of the UK's largest mortgage lenders. It employs valuation data from actual sales, using a weighted average approach to create a reliable measure of price changes in the housing market.
Description
The Halifax House Price Index reflects year-over-year changes in property values, providing insights into the evolving dynamics of the UK housing market. This measure is pivotal for understanding long-term trends, as it helps analysts assess market health over time, making comparisons straightforward and eliminating short-term seasonality effects.
Additional Notes
The Halifax House Price Index is considered a leading economic indicator, as it can foreshadow broader economic trends affecting consumer spending and housing construction. It is also frequently compared to other house price indices, such as the Nationwide House Price Index, to provide a comprehensive view of the real estate landscape across the UK.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for GBP, Bullish for Real Estate Stocks. Lower than expected: Bearish for GBP, Bearish for Real Estate Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
2.5%
3.2%
3.2%
-0.7%
3.2%
2.6%
2.9%
0.6%
2.8%
3.7%
2.8%
-0.9%
2.9%
3.1%
2.9%
-0.2%
3%
2.7%
3.4%
0.3%
3.3%
4.6%
4.7%
-1.3%
4.8%
3.6%
4%
1.2%
3.9%
4.2%
4.6%
-0.3%
4.7%
5.1%
4.3%
-0.4%
4.3%
4.2%
2.4%
0.1%
2.3%
1.2%
1.9%
1.1%
1.6%
2.5%
1.6%
-0.9%
1.5%
1.2%
1.1%
0.3%
1.1%
0.8%
0.4%
0.3%
0.3%
1.45%
1.6%
-1.15%
1.7%
2.3%
2.3%
-0.6%
2.5%
1.9%
1.8%
0.6%
1.7%
-0.4%
-0.8%
2.1%
-1%
-2.1%
-3.1%
1.1%
-3.2%
-4.9%
-4.5%
1.7%
-4.7%
-5%
-4.5%
0.3%
-4.6%
-3.45%
-2.5%
-1.15%
-2.4%
-3.1%
-2.6%
0.7%
-2.6%
-1.7%
-1.1%
-0.9%
-1%
-0.95%
0.1%
-0.05%
0.1%
0.9%
1.6%
-0.8%
1.6%
0.3%
2.1%
1.3%
2.1%
0.7%
2.1%
1.4%
1.9%
-0.3%
2.1%
2.2%
2%
6.6%
4.6%
-4.6%
4.7%
7.1%
8.2%
-2.4%
8.3%
8.4%
9.8%
-0.1%
9.9%
11.1%
11.4%
-1.2%
11.5%
11.5%
11.8%
11.8%
14.2%
12.5%
-2.4%
13%
11.7%
10.5%
1.3%
10.5%
10%
10.8%
0.5%
10.8%
10.3%
11%
0.5%
11%
10.4%
11.2%
0.6%
10.8%
10.5%
9.7%
0.3%
9.7%
10.5%
9.8%
-0.8%
9.8%
8.7%
8.2%
1.1%
8.2%
7.8%
8.2%
0.4%
8.1%
7.9%
7.4%
0.2%
7.4%
6.6%
7.2%
0.8%
7.1%
7.3%
7.6%
-0.2%
7.6%
7.4%
8.7%
0.2%
8.8%
12.3%
9.6%
-3.5%
9.5%
10%
8.2%
-0.5%
8.2%
7.3%
6.5%
0.9%
6.5%
5.1%
5.2%
1.4%
5.2%
4.55%
5.4%
0.65%
5.4%
5.9%
6%
-0.5%
6%
6.8%
7.6%
-0.8%
7.6%
7.1%
7.5%
0.5%
7.5%
8.2%
7.3%
-0.7%
7.3%
6.6%
5.2%
0.7%
5.2%
4.2%
3.8%
1%
3.8%
2.3%
2.5%
1.5%
2.5%
2%
2.6%
0.5%
2.6%
2.8%
2.7%
-0.2%
2.7%
2.6%
3%
0.1%
3%
3.3%
2.8%
-0.3%
2.8%
4%
4.1%
-1.2%
4.1%
3%
4%
1.1%
4%
1.5%
2.1%
2.5%
2.1%
1%
0.9%
1.1%
0.9%
1.4%
1.1%
-0.5%
1.1%
1.6%
1.8%
-0.5%
1.8%
3.4%
1.5%
-1.6%
4.1%
4.4%
5.7%
-0.3%
5.7%
5.9%
5.2%
-0.2%
5.2%
4.9%
5%
0.3%
5%
4.5%
2.6%
0.5%
2.6%
2.3%
2.8%
0.3%
2.8%
1%
0.8%
1.8%
0.8%
1.5%
1.3%
-0.7%
1.3%
0.4%
0.3%
0.9%
0.3%
1%
1.5%
-0.7%
1.5%
1.2%
2.5%
0.3%
2.5%
3.3%
3.7%
-0.8%
3.7%
3.9%
3.3%
-0.2%
3.3%
2.7%
1.8%
0.6%
1.8%
1.8%
1.9%
1.9%
1.9%
2.2%
2.2%
3.3%
2.7%
-1.1%
2.7%
2.1%
1.8%
0.6%
1.8%
1.6%
2.2%
0.2%
2.2%
2.4%
2.7%
-0.2%
2.7%
3.3%
3.9%
-0.6%
3.9%
3.9%
4.5%
4.5%
4.5%
4%
4%
3.6%
2.6%
0.4%
2.6%
2.1%
2.1%
0.5%
2.1%
2%
2.6%
0.1%
2.6%
3.1%
3.3%
-0.5%
3.3%
3%
3.8%
0.3%
3.8%
3.6%
3.8%
0.2%
3.8%
3.9%
5.1%
-0.1%
5.1%
5.3%
5.7%
-0.2%
5.7%
6%
6.5%
-0.3%
6.5%
5.8%
6%
0.7%
6%
6%
5.2%
5.2%
5.5%
5.8%
-0.3%
5.8%
5.8%
6.9%
6.9%
7%
8.4%
-0.1%
8.4%
8.5%
8.4%
-0.1%
8.4%
7.7%
9.2%
0.7%
9.2%
8.9%
9.2%
0.3%
9.2%
9.6%
10.1%
-0.4%
10.1%
9.5%
9.7%
0.6%
9.7%
10.4%
9.7%
-0.7%
9.7%
9.3%
9.5%
0.4%
9.5%
9%
9%
0.5%
9%
9.5%
9.7%
-0.5%
9.7%
9.5%
8.6%
0.2%
8.6%
9%
9%
-0.4%
9%
7.8%
7.8%
1.2%
7.9%
9.6%
9.6%
8.6%
8.6%
8.5%
8.5%
0.1%
8.5%
7.8%
8.1%
0.7%