UK August mortgage approvals 64.86k vs 64.00k expected
Prior 61.99k; revised to 62.50kNet consumer credit £1.3 billion vs £1.4 billion expectedPrior £1.2 billionMortgage 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.
- 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.
