UK house prices unexpectedly jump

Bloomberg

Home values rose 2.6 percent from the previous month to an average of 158,565 pounds ($260,000), the division of Lloyds Banking Group said in a statement in London Thursday. From a year earlier, prices fell 13.7 percent.

The monthly increase was the first in four months, Halifax said. In the three months through May, prices fell 16.3 percent from a year earlier.