GBP/USD Trading Higher, U.K. Home Prices Edge Up

GBP/USD is trading at 1.2257, up 0.0039. Nationwide Building Society reported that U.K. housing prices rose 0.8 percent in December versus a 0.1 percent rise in November. Year over year U.K. home prices were up 4.5 percent versus 4.4 percent rise in November.