Monday , 30 September 2024
Home Forex UK August mortgage approvals 64.86k vs 64.00k expected
Forex

UK August mortgage approvals 64.86k vs 64.00k expected

  • Prior 61.99k; revised to 62.50k
  • Net consumer credit £1.3 billion vs £1.4 billion expected
  • Prior £1.2 billion

Mortgage approvals rose in August, moving up to its highest level since August 2022 – largely driven by a surge in purchase activity. On net, individuals borrowed £2.9 billion of mortgage debt in August, compared to £2.8 billion in July.

This article was written by Justin Low at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

India Current Account Balance $ dipped from previous $5.7B to $-9.7B in 2Q

India Current Account Balance $ dipped from previous $5.7B to $-9.7B in 2Q

USD/SGD: Heavy bias – OCBC

USD/SGD continued to trade lower, tracking the broad decline in USD, rebound...

NZD/USD: Likely to rise above 0.6370 – UOB Group

The New Zealand Dollar (NZD) could test the resistance at 0.6370 before...

EUR/USD approaches 1.1200 with ECB Lagarde and Fed Powell’s speeches in focus

EUR/USD edges higher on Monday as the US Dollar (USD) remains under...