UK house prices rose in June, marking the first monthly increase in four months, according to Lloyds. The modest gain came even as the broader economic backdrop remained uncertain.
The report added to signs that the housing market has been uneven, with the latest increase following a stretch of weaker readings. No further details on the size of the rise were included in the source update.
Oil prices move higher
In energy markets, oil prices climbed after reports of an attack on a vessel in the Strait of Hormuz. The incident drew attention because the waterway is a key route for global crude shipments.
The market reaction came alongside a wider day of financial news that also included movements in equities and fresh commentary from UK policymakers and regulators, but the main market focus in the update was the rebound in house prices and the jump in oil.
Source: theguardian.com
