House prices in the UK rose by 1.5% in August, bringing annual growth to 2.8% with the average property price at £293,000. The Land Registry index shows the North West had the highest annual inflation at 4.6%, while the South West had the lowest at 0.8%. Mortgage rates may impact buyer confidence, with expectations of further rate cuts and uncertainty leading up to the Budget on 30 October potentially affecting market sentiment.
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Bitcoin, Ethereum, and Dogecoin Soar as "Risk On" Trade Continues
Investors are actively buying risk assets, including growth stocks, tech stocks, and cryptocurrencies, with Bitcoin (BTC) rising 2.9%, Ethereum (ETH) 5.1%, and Dogecoin (DOGE) 6.2% due to positive macroeconomic news, particularly expectations of de-escalation in the U.S.-China trade war. Bitcoin has shown to be a risk asset rather than a hedge, while Ethereum and Dogecoin face uncertainty regarding their long-term value, especially as Ethereum struggles with transaction costs and Dogecoin lacks fundamental use cases. Overall,...
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