On year, the house price index rose to 8.8% in June, lower than the 8.9% increase expected by economists. The index registered 8.7% growth in May.
Gross domestic product is estimated to expand 0.9% in the second quarter, faster than the 0.8% growth seen in the first quarter. The institute projected 2.9% growth in 2014 and 2.4% in 2015.
The pound ticked down to 1.5280 against the franc and 0.7953 against the euro, from early highs of 1.5303 and 0.7940,respectively. On the downside, the pound may possibly find support around 1.51 against the franc and 0.80 against the euro.
Retreating from an early high of 1.7146 against the greenback, the pound eased back to 1.7125. If the pound extends slide, 1.70 is seen its next possible support level.
Meanwhile, the pound was steady against the yen after the data, after climbing to 174.20 at
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