UK June Nationwide house prices -0.8% vs +0.2% m/m expected

• Prior +0.5%; revised to +0.4%

UK house price growth slowed in June, missing on estimates as Nationwide notes weaker demand following the increase in stamp duty at the start of April. The outlook is still supportive though with Nationwide expecting a pick up as the summer progresses, despite ongoing economic uncertainties.

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