Housing Prices in the United Kingdom were released just earlier today, with a positive attitude; moreso than what has been expected. Housing Prices struck 0.3% in May, while it was expected to drop from prior 0.2% to 0.1% this month. Instead Housing Prices rose by 03%, 0.6% on the three on three month basis.
As reported by UK's nationwide website, the price of a normal UK house this May is1.2% lower than May 2010.
Following the new release Sterling jumped to a two week high since May 11, gaining over 30 pips to trade at 1.6460 against the U.S Dollar.
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