GBP/USD Little Higher, U.K. Home Price Gains Ease

GBP/USD is trading at 1.2977, up 0.0013. The pair is trading rangebound as overseas forex traders prepare to wind down trading for the month. Nationwide Building Society reported that U.K. housing prices eased to a 0.3 percent rise in September versus a 0.6 percent rise in August. Year over year prices were up 5.3 percent versus 5.6 percent in July. The U.K. Office for National Statistics (ONS) final reading for second quarter GDP (gross domestic product) Showed a rise of 0.7 percent versus a 0.4 percent rise in the first quarter. In other Forex Markets; EUR/USD is trading at 1.1215, down 0.0002. AUD/USD is trading at 0.7654, up 0.0027. USD/JPY is trading at 101.28, up 0.07. USD/CAD is trading 1.3105, down 0.0046.