US dollar rallies as strong jobs report dampens rate cut hopes – as it happened
The average house prices slipped to £288,688 last month, a 0.1% drop compared to £288,862 in April. But on an annual basis, house price inflation rose to +1.5% in May, up from +1.1% in April. Rising wages and a pick-up in economic confidence are supporting house prices, says Amanda Bryden, head of mortgages at Halifax.