UK house prices post first monthly rise since April, Nationwide index shows

UK house prices rose 0.2% m/m in August to £275,465, the first increase since April and slightly above the 0.1% consensus, per Nationwide. The market remains in a holding pattern ahead of an expected Bank of England rate hike later this year, which could dampen momentum. The data signals tentative stabilization in the UK housing market, though the outlook hinges on the BoE's next move.