Figures from Halifax showed house prices slumped 0.9 per cent month-on-month, with many expecting a fall of around 0.5 per cent.
As a result, forex trading experts saw the euro gain 0.15 per cent to reach 85.93 pence, while the pound shed 0.22 per cent against the US dollar.
The pound had strengthened against the greenback earlier in the week after strong data from the UK construction sector showed that it grew at its fastest pace for eight months in February, taking overall gains this year to 4.6 per cent, Bloomberg reported.
