Biggest August fall in British house prices since 2018; oil and gas prices rise as Hormuz traffic slows – business live

British house prices expected to fall this year, despite ‘Burnham bounce’, Rightmove reports Asking prices for newly listed homes in UK’s richest borough fall by £100k in one month JP Morgan boss Jamie Dimon warns UK chancellor not to hike taxes on banks Back in the markets, the pound has hit a three-month high against the weakening US dollar. Sterling is up a third of a cent at $1.356, its highest level since 12 May. The longer-term outlook for the US dollar and US bonds looks bearish: in...

By Graeme Wearden