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UK HPI Accelerates Modestly; London to Lag..>

UK DATA
UK DATA: UK HPI Accelerates Modestly; London Continues to Lag
-UK Aug House Price Index +1.3% y/y, July revised upward to +0.8%
-UK Aug London HPI -1.4% y/y; July revised up to -1.2%
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UK house price inflation accelerated in August, while London prices 
remained in the red. Prices in the capital have not increased in 18 
months, recording a cumulative decline of 5.0% since peaking in July 
2017. London prices have not endured such a long stretch of weakness 
since the financial crisis, when prices plunged by 17.8% between January 
2009 and April 2009. 

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