Investing.com - House prices in the U.K. rose more-than-expected in February, industry data showed on Wednesday.
In a report, the Halifax Bank of Scotland said its House Price Index rose by 0.5% in February, above expectations for a 0.2% increase.
U.K. house prices fell by 0.2% in January.
House prices in the three months to February were 1.9% higher than in the preceding three months, compared to expectations for a 1.7% increase.
Following the release of that data, the pound was lower against the U.S. dollar, with GBP/USD shedding 0.11% to trade at 1.5109.
Meanwhile, European stock markets were higher after the open. London’s FTSE 100 rose 0.15%, the EURO STOXX 50 added 0.1%, France’s CAC 40 tacked on 0.1%, while Germany's DAX eased up 0.3%.
In a report, the Halifax Bank of Scotland said its House Price Index rose by 0.5% in February, above expectations for a 0.2% increase.
U.K. house prices fell by 0.2% in January.
House prices in the three months to February were 1.9% higher than in the preceding three months, compared to expectations for a 1.7% increase.
Following the release of that data, the pound was lower against the U.S. dollar, with GBP/USD shedding 0.11% to trade at 1.5109.
Meanwhile, European stock markets were higher after the open. London’s FTSE 100 rose 0.15%, the EURO STOXX 50 added 0.1%, France’s CAC 40 tacked on 0.1%, while Germany's DAX eased up 0.3%.