Investing.com - House prices in the U.K. rose less than expected in August, fuelling concerns over the health of the housing market, industry data showed on Monday.
In a report, the Halifax Bank of Scotland said its House Price Index inched up by a seasonally adjusted 0.1% last month, below expectations for a 0.2% increase.
U.K. house prices rose by 1.2% in July, whose figure was revised down from a previously reported gain of 1.4%.
House prices in the three months to August were 9.7% higher than in the same three months a year earlier, below forecasts for a 9.9% increase and slowing from a gain of 10.2% in July.
GBP/USD was trading at 1.6170 following the release of the data, while EUR/GBP was at 0.8005.
Meanwhile, European stock markets were lower after the open. London’s FTSE 100 dipped 0.4%, the DJ Euro Stoxx 50 shed 0.2%, France’s CAC 40 fell 0.2%, while Germany's DAX inched down 0.2%.