The Nationwide data showed that the house prices in the U.K. advanced 0.5 percent in January and was flat on a year-on-year basis. Analysts had expected the headline index to drop 0.3 percent on year, while the monthly index was expected to increase 0.2 percent.
The pound edged higher against most of its major rivals after the report. As of 2:05 am ET, the British currency was trading at 143.55 against the yen, 0.8573 against the euro, 1.4403 against the Swiss franc and 1.5807 against the dollar.
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Forex News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.