GBP/USD Trading Lower, U.K. House Prices Ease

GBP/USD is trading at 1.2367, down 0.0100. The U.K Halifax house price index fell 0.9 percent in January versus a 1.6 percent rise in December. Year over year U.K. house price gains eased in January to up 5.7 percent from up 6.5 percent in December.