UK May Nationwide house prices +0.5% vs +0.1% m/m expected

• Prior -0.6%

Nationwide notes that “mortgage approvals data suggests that market activity appears to be holding up well following the end of the stamp duty holiday”. Adding that: “Despite wider economic uncertainties in the global economy, underlying conditions for potential home buyers in the UK remain supportive.”

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