UK Halifax House Price Index MoM (Dec) M/M -0.6% vs. Exp. 0.2% (Prev. -0.1%, Rev. 0%)

UK Halifax House Price Index MoM (Dec) M/M -0.6% vs. Exp. 0.2% (Prev. -0.1%, Rev. 0%)

The UK Halifax House Price Index shows a month-on-month decline of 0.6% in December, significantly underperforming expectations of a 0.2% increase and indicating a worsening trend from the previous revised figure of 0%. This negative print may heighten concerns about the housing market's health, potentially influencing policy debates and weighing on GBP as it reflects broader economic uncertainty.