UK May Halifax house prices -0.1% vs +0.2% m/m expected

• Prior +0.1%

Slight delay in the data release by the source. It marks a marginal decline in UK house prices on the month, though the annual change is seen higher at 1.5% compared to the 1.1% reading in April. Halifax notes that “market activity remained resilient throughout the spring months, supported by strong nominal wage growth and some evidence of an improvement in confidence about the economic outlook”.

This article was written by Justin Low at www.forexlive.com.