Published by Jamie JemmesonHouse prices in the UK have risen by 1.1 per cent in the past 12 months, as a 0.6 per cent increase in June was also seen.That is according to the Right Move House Price Index, which found asking prices had increased for the six month in a row.Such changes could have an impact on the foreign exchange market, as data is viewed as indicator of the strength of the economy.The research also noted the average house price is now £240,394, up from £238,874 seen last month, although the market is predicted to take a tumble in the latter half of the year, something that may be welcomed by those looking to purchase a property.This follows comments last week from Halifax housing economist Martin Ellis, who suggested in the firm's House Price Index that factors such as rising inflation and increased taxes were "probably" restricting demand for homes.For more information on foreign exchange treasury services and risk management, visit our Corporate FX site