Halifax says downward pressure on UK house prices likely to last into next year

<ul><li>Halifax house prices -4.7% vs -4.6% prior (revised to -4.5%)</li></ul><p>High borrowing costs continue to weigh on UK home prices and Halifax said the downward pressure will continue into next year. Gilt yields are up 1.9 bps to 4.565%.</p>

This article was written by Adam Button at www.forexlive.com.