As expected the latest Nationwide house price survey doesn’t make very palatable reading. The average cost of a home fell 14.6% in October from a year ago to 158,872, the largest decline since the survey started in 1991. There is no end in sight to the downward spiral in U.K. house prices, and things look likely to get even worse in the coming months. Meanwhile cable has garnered decent support overnight from the return of risk appetite, although presently at 1.6570 it is off a full cent from its best level.