UK house prices in surprise increase

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Nationwide this morning has reported a 1.2% rise in house prices for May.

Expectations had been for a 0.3% drop - so the news has given the UK economic outlook - and therefore the Pound - a welcome boost.

With more key data out next week which could potentially provide trouble for sterling, anyone looking to transfer money overseas should contact a currency broker to discuss the latest developments.

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UK house prices in surprise increase

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