The British Pound rose slightly against the Greenback on the country’s house price data. The GBP/USD exchange rate was up to the 1.3542 level, which was easily overstepped during the trading session.
The UK house prices declined unexpectedly in December to mark the first decline in six months, providing additional signs of slack in the country’s property market. The mortgage lender Halifax stated that house prices fell 0.6% month-over-month in December, following a 0.3% gain in November. Analysts anticipate the market to decelerate further to draw Britain’s house prices’ growth of 0.1% in 2018, which would indicate property values declining in real terms, when adjusted for consumer price inflation.
