UK housing prices are in focus today with the July update from Nationwide. Later, we’ll see new numbers on Eurozone producer prices and the monthly release on US factory orders. UK: Nationwide House Price Index (06:00 GMT) Britain’s economy continues to expand at a healthy pace, according to the government’s estimate of GDP through the second quarter. Output grew at a real 0.7% rate for the three months through June – a solid improvement over Q1’s 0.4% pace. The upbeat trend provides an encouraging backdrop for the UK macro outlook, but a positive tailwind for the big picture doesn’t change the fact the housing ... (full story)