UK: Annual Nationwide Housing Prices grow 1.9% in June

FXstreet.com (Barcelona) - On an annual basis UK Nationwide Housing Prices increased 1.9% in June, after rising 1.1% previous month, Nationwide revealed on Friday. This result is almost in line with projections of +2%.

Month-over-month Nationwide Housing Prices increased 0.3% in June, following a 0.4% rise in May, as expected.

GBP/USD on the back foot

The pair looks set to erode the base of the cloud at 1.5218 and the 61.8% retracement at 1.5183.
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EUR/GBP comfortable at 0.8553/59

There are a number of risk factors for the pair today, and break of resistance at 0.8570 opens up to challenge for a break higher.
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