Investing.com - House prices in the U.K. declined unexpectedly in October, decreasing for the fourth consecutive month, industry data showed on Tuesday.
In a report, the Halifax Bank of Scotland said its House Price Index fell by 0.7% in October, defying expectations for a 0.5% increase.
U.K. house prices fell by 0.4% in September.
House prices in the three months to October were 1.7% lower than in the preceding three months, compared to expectations for a 1.3% decline.
Following the release of that data, the pound was little changed against the U.S. dollar, with GBP/USD adding 0.01% to trade at 1.5982.
Meanwhile, European stock markets were mildly higher after the open. London’s FTSE 100 rose 0.15%, the EURO STOXX 50 gained 0.1%, France’s CAC 40 advanced 0.1%, while Germany's DAX tacked on 0.1%.
In a report, the Halifax Bank of Scotland said its House Price Index fell by 0.7% in October, defying expectations for a 0.5% increase.
U.K. house prices fell by 0.4% in September.
House prices in the three months to October were 1.7% lower than in the preceding three months, compared to expectations for a 1.3% decline.
Following the release of that data, the pound was little changed against the U.S. dollar, with GBP/USD adding 0.01% to trade at 1.5982.
Meanwhile, European stock markets were mildly higher after the open. London’s FTSE 100 rose 0.15%, the EURO STOXX 50 gained 0.1%, France’s CAC 40 advanced 0.1%, while Germany's DAX tacked on 0.1%.