GBP/USD: Halifax HPI m/m

The Sterling strived to offset post-NFP losses, as Monday's report showed that the UK home prices rose more than anticipated in July. GDP/USD showed almost no reaction to the data, however, later on it posted a gradual fall to the 1.3040 mark, but then went back to the level seen before the release. The Halifax reported that its House Price Index rose 0.4% month-over-month in July, surpassing expectations for a 0.3% increase. However, experts suggested that the UK property market was relatively stagnant or cooling, as the yearly prices growth slowed pace to 2.1% in the reported period. Moreover, the demand for housing would weaken amid slow wage growth and an ongoing shortage of available properties, which is set to boost house prices in the upcoming months.