UK December Nationwide house prices have come in at +0.4% m/m, +5.9% y/y, stronger than median forecasts of +0.3%, +5.6% respectively.
Cable sits at 1.6115 having spiked as high as 1.6145 in a flurry of early activity, as the USD came under heavy month-end pressure which is being exacerbated by illiquid conditions.
Elsewhere EUR/USD is up at 1.4425 having been as high as 1.4441. Resistance next at 1.4445/50.
