Investing.com - House prices in the U.K. rose more-than-expected in July, increasing for the sixth consecutive month, industry data showed on Tuesday.
In a report, the Halifax Bank of Scotland said its House Price Index rose by a seasonally adjusted 0.9% in July, above expectations for a 0.5% increase.
U.K. house prices rose by 0.7% in June, whose figure was upwardly revised from 0.6%.
House prices in the three months to July were 4.6% higher than in the same three months a year earlier, compared to expectations for a 4.3% increase.
Following the release of that data, the pound was lower against the U.S. dollar, with GBP/USD shedding 0.1% to trade at 1.5338.
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 tacked on 0.2%, while Germany's DAX eased down 0.1%.
In a report, the Halifax Bank of Scotland said its House Price Index rose by a seasonally adjusted 0.9% in July, above expectations for a 0.5% increase.
U.K. house prices rose by 0.7% in June, whose figure was upwardly revised from 0.6%.
House prices in the three months to July were 4.6% higher than in the same three months a year earlier, compared to expectations for a 4.3% increase.
Following the release of that data, the pound was lower against the U.S. dollar, with GBP/USD shedding 0.1% to trade at 1.5338.
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 tacked on 0.2%, while Germany's DAX eased down 0.1%.