UK house prices in surprise increase

28 July, 2011


Nationwide this morning has reported a 1.2% rise in house prices for May.

Expectations had been for a 0.3% drop – so the news has given the UK economic outlook – and therefore the Pound – a welcome boost.

With more key data out next week which could potentially provide trouble for sterling, anyone looking to transfer money overseas should contact a currency broker to discuss the latest developments.