GBP/USD Higher, U.K. House Price Rise Eases

GBP/USD is trading at 1.2623, up 0.0037. Nationwide Building Society reported that U.K. housing prices rose 0.2 percent during January versus a 0.8 percent rise in December. Year over year January house prices were up 4.3 percent versus a rise of 4.5 percent in December.