Investing.com - House prices in the U.K. rose more-than-expected in May, increasing for the fourth consecutive month, industry data showed on Thursday.
In a report, the Halifax Bank of Scotland said its House Price Index rose by a seasonally adjusted 0.4% in May, above expectations for a 0.2% increase.
U.K. house prices rose by 1.1% in April.
House prices in the three months to May were 2.6% higher than in the same three months a year earlier, compared to expectations for a 2.5% increase.
Following the release of that data, the pound was higher against the U.S. dollar, with GBP/USD adding 0.17% to trade at 1.5431.
Meanwhile, European stock markets were higher after the open. London’s FTSE 100 rose 0.1%, the EURO STOXX 50 added 0.3%, France’s CAC 40 tacked on 0.3%, while Germany's DAX eased up 0.2%.
In a report, the Halifax Bank of Scotland said its House Price Index rose by a seasonally adjusted 0.4% in May, above expectations for a 0.2% increase.
U.K. house prices rose by 1.1% in April.
House prices in the three months to May were 2.6% higher than in the same three months a year earlier, compared to expectations for a 2.5% increase.
Following the release of that data, the pound was higher against the U.S. dollar, with GBP/USD adding 0.17% to trade at 1.5431.
Meanwhile, European stock markets were higher after the open. London’s FTSE 100 rose 0.1%, the EURO STOXX 50 added 0.3%, France’s CAC 40 tacked on 0.3%, while Germany's DAX eased up 0.2%.