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GBP/USD: Halifax House Price Index

The Sterling was little changed against the Greenback, following the UK housing price growth data from Halifax. GBP/USD was in a side move early Thursday, though the pair gained 54 base points or 0.40% to the 1.348 mark, as a reaction on the Irish official saying that Britain and Ireland were very close to cut the deal.

Halifax report showed that the UK house prices increased more than anticipated 0.5% in November, while the yearly pace of growth slowed to 3.9% from 4.5% in the prior month. Ahead of the Theresa May’s meeting with the European Council President and the European Commission Presidents to make a final decision on the Irish border issue, Britain’s manufacturing and industrial production data will be in focus.

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