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Halifax U.K. HPI rises 0.5% in February

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Investing.com - House prices in the U.K. rose more-than-expected in February, industry data showed on Wednesday.

In a report, the Halifax Bank of Scotland said its House Price Index rose by 0.5% in February, above expectations for a 0.2% increase.

U.K. house prices fell by 0.2% in January.

House prices in the three months to February were 1.9% higher than in the preceding three months, compared to expectations for a 1.7% increase.

Following the release of that data, the pound was lower against the U.S. dollar, with GBP/USD shedding 0.11% to trade at 1.5109.

Meanwhile, European stock markets were higher after the open. London's FTSE 100 rose 0.15%, the EURO STOXX 50 added 0.1%, France's CAC 40 tacked on 0.1%, while Germany's DAX eased up 0.3%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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