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UK: Annual Nationwide Housing Prices rise more than expected in May

FXstreet.com (Barcelona) - On an annual basis UK Nationwide Housing Prices grew 1.1% in May, up from the 0.9% increase the previous month, Nationwide informed on Thursday. This result is higher than projections of +0.9%.

Month-over-month Nationwide Housing Prices rose 0.4% in May, after remaining flat in April, as expected.

United Kingdom May Nationwide Housing Prices n.s.a (YoY) up to 1.1%; 0.4% (MoM)

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GBP/USD - through 1.5130 key resistance

GBP/USD was held off yesterday recording a low of 1.5008 and climbed on a broad based dollar squeeze across a range of pairs.
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