Investing.com – Mortgage approvals in the U.K. rose more-than-expected in February, industry data showed on Wednesday.
In a report, the British Banker's Association said that the number of new mortgages approved in February rose to 29.9K, compared to 29.2K in January, whose figure was revised up from 28.9K.
Analysts had expected the number of mortgage approvals to rise to 29.4K in February.
Following the release of that data, the pound was down against the U.S. dollar, with GBP/USD shedding 0.35% to hit 1.6306.
Meanwhile, European stock markets were mixed. The FTSE 100 climbed 0.15%, the EURO STOXX 50 added 0.14%, France’s CAC 40 gained 0.23%, while Germany's DAX dipped 0.1%.
In a report, the British Banker's Association said that the number of new mortgages approved in February rose to 29.9K, compared to 29.2K in January, whose figure was revised up from 28.9K.
Analysts had expected the number of mortgage approvals to rise to 29.4K in February.
Following the release of that data, the pound was down against the U.S. dollar, with GBP/USD shedding 0.35% to hit 1.6306.
Meanwhile, European stock markets were mixed. The FTSE 100 climbed 0.15%, the EURO STOXX 50 added 0.14%, France’s CAC 40 gained 0.23%, while Germany's DAX dipped 0.1%.