House prices in the U.K. unexpectedly declined in December, falling for the first time in 11 months, industry data showed on Wednesday.
In a report, the Halifax Bank of Scotland said its House Price Index dropped by a seasonally adjusted 0.6% last month, compared to expectations for a 0.6% increase. U.K. house prices rose by 0.9% in November, whose figure was revised down from a previously reported gain of 1.1%.
House prices in the three months to December were 7.5% higher than in the same three months a year earlier, below forecasts for an 8.2% increase.
Following the release of that data, the pound was higher against the U.S. dollar, with GBP/USD adding 0.1% to trade at 1.6417.
Meanwhile, European stock markets were mixed after the open. London’s FTSE 100 dipped 0.1%, the EURO STOXX 50 added 0.1%, France’s CAC 40 was flat, while Germany''s DAX eased up 0.1%.
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