Release Explanation: An economic indicator that measures sales of newly built and existing homes. The release includes both quantity and price statistics. The House Price Index and Home Loans cover each region’s house valuations and the amount of Mortgage/Lending being made on them.

Trade Desk Thoughts: U.K. house prices rose unexpectedly in March, after declining for sixteen straight months. The average price for a U.K. house in March reached £150,946, up 0.9% from the previous month. Analysts believe the bottom in the housing market has not been hit, even though some improvements have been seen in the last few months.

Forex Technical Reaction: The pound gained 130 pips tonight, from which 50 pips came after the release