Stops triggered on the break below $1.9730, as Nationwide house price data shows the largest y/y fall since Dec 1992. Rate trades to a low of $1.9725 on the initial react, from a pre release level of $1.9740, with secondary selling taking it on to $1.9717. Bids reported in place between $1.9705/1.9695, with stops below, which if triggered opens a deeper move toward $1.9680 ahead of $1.9650.