Investing.com - House prices in the U.K. rose significantly more-than-expected in December, increasing for the second consecutive month, industry data showed on Monday.
In a report, the Halifax Bank of Scotland said its House Price Index rose by 1.3% in December, above expectations for a 0.1% increase.
U.K. house prices rose by 1% in November.
House prices in the three months to October were 0.3% lower than in the preceding three months, compared to expectations for a 0.6% decline.
Following the release of that data, the pound was lower against the U.S. dollar, with GBP/USD shedding 0.22% to trade at 1.6035.
Meanwhile, European stock markets were mixed after the open. London’s FTSE 100 dipped 0.1%, the EURO STOXX 50 added 0.1%, France’s CAC 40 declined 0.1%, while Germany's DAX slipped 0.2%.
In a report, the Halifax Bank of Scotland said its House Price Index rose by 1.3% in December, above expectations for a 0.1% increase.
U.K. house prices rose by 1% in November.
House prices in the three months to October were 0.3% lower than in the preceding three months, compared to expectations for a 0.6% decline.
Following the release of that data, the pound was lower against the U.S. dollar, with GBP/USD shedding 0.22% to trade at 1.6035.
Meanwhile, European stock markets were mixed after the open. London’s FTSE 100 dipped 0.1%, the EURO STOXX 50 added 0.1%, France’s CAC 40 declined 0.1%, while Germany's DAX slipped 0.2%.