UK April Nationwide house prices +0.5% vs -0.4% m/m expected | Forexlive

• Prior -0.8%; revised to -0.7%
• House prices -2.7% vs -3.6% y/y expected
• Prior -3.1%

UK house prices buck the trend after seven months of decline with a decent bump in April, surprising on estimates. But one month is not a trend, and the outlook remains challenging with consumers still burdened by high inflation and higher rates.