Investing.com - Mortgage approvals in the U.K. declined unexpectedly to the lowest level in four months in January, industry data showed on Monday.
In a report, the British Banker's Association said that the number of new mortgages approved in January fell to 32,300 from December’s revised total of 33,400.
Analysts had expected mortgage approvals to rise to 34,200 in January.
Following the release of that data, the pound remained lower against the U.S. dollar, with GBP/USD shedding 0.25% to trade at 1.5137.
Meanwhile, European stock markets held on to gains. London’s FTSE 100 added 0.7%, the EURO STOXX 50 rose 0.8%, France’s CAC 40 gained 0.6%, while Germany's DAX rallied 1%.
In a report, the British Banker's Association said that the number of new mortgages approved in January fell to 32,300 from December’s revised total of 33,400.
Analysts had expected mortgage approvals to rise to 34,200 in January.
Following the release of that data, the pound remained lower against the U.S. dollar, with GBP/USD shedding 0.25% to trade at 1.5137.
Meanwhile, European stock markets held on to gains. London’s FTSE 100 added 0.7%, the EURO STOXX 50 rose 0.8%, France’s CAC 40 gained 0.6%, while Germany's DAX rallied 1%.