UK Nationwide June HPI 1.1% vs 0.1% exp

UK Nationwide June HPI 28 June

• -0.2% prev
• yy NSA 3.1% vs 1.95 exp vs 2.1% prev

A timely upturn in HPI given the BOE's announcement yesterday that they would implement more stringent tests on mortgage applications.

GBPUSD unfazed at 1.2814 after a previous dip lower . EURGBP 0.8864 from 0.9974 highs with month-end demand in play again to add to the general euro love being felt right now.