Nationwide HPI y/y comes in at 1.8% against 1.8% consensus

The UK’s Nationwide House Price Index year over year for July 2026 was released at 1.8%. This figure matched the consensus expectation of 1.8%, resulting in a 0.0% surprise versus consensus. The previous month’s reading stood at 2.2%.

Following the release, market reactions in GBP pairs showed varied movements. EURGBP moved -3.8 pips one hour after the release, a move smaller than its median 1-hour move of 4 pips. GBPAUD saw a +2.5 pip increase, which was significantly smaller than its median 1-hour move of 14 pips. GBPCAD experienced a +20 pip rise, a move larger than its median 1-hour move of 9 pips and exceeding the top-quarter threshold of 17 pips. GBPCHF moved +8.2 pips, slightly smaller than its median 1-hour move of 9 pips. GBPJPY gained +9.9 pips, a move smaller than its median 1-hour move of 14 pips. GBPNZD declined by -2.2 pips, a move significantly smaller than its median 1-hour move of 12 pips. GBPUSD saw a +8.9 pip increase, slightly smaller than its median 1-hour move of 9 pips.