Nationwide Housing Prices MoM measures the percentage change in house prices in the United Kingdom compared with the previous month. The index is calculated based on owner-occupier house purchase transactions involving a mortgage, providing insight into housing market trends and consumer sentiment. It is closely monitored as a measure of economic health and can influence expectations in the real estate sector.
A higher than expected figure should be seen as positive (bullish) for the GBP while a lower than expected figure should be seen as negative (bearish) for the GBP.