Investing.com - Mortgage approvals in the U.K. fell unexpectedly in February, industry data showed on Tuesday.
In a report, the British Banker's Association said that the number of new mortgages approved declined to 47,600 last month from January’s revised total of 49,300.
Analysts had expected the number of new mortgages approved to rise to 50,000 in February.
Following the release of that data, the pound was lower against the U.S. dollar, with GBP/USD shedding 0.05% to trade at 1.6490.
Meanwhile, European stock markets remained higher. London’s FTSE 100 climbed 1.1%, the DJ Euro Stoxx 50 rose 1.05%, France’s CAC 40 tacked on 1.1%, while Germany's DAX rallied 1.1%.