The indicator represents monthly alterations of average house prices. The statistics is published by Halifax Bank of Scotland Financial Group (HBOS) which is the biggest mortgage lender in Great Britain.
It should be noted that the index does not have an exact issue date, that’s why its publishing time is often moved.
Effect of market
The index growth has positive impact on the British Pound dynamics. In general, the Index has a moderate influence of over the British Pound.