Investing.com - Mortgage approvals in the U.K. rose less-than-expected in August, but still hit the highest level since December 2009, industry data showed on Tuesday.
In a report, the British Banker's Association said that the number of new mortgages approved in August rose to 38,200 from July’s revised total of 37,400.
Analysts had expected the number of new mortgages approved in August to rise to 38,600.
Following the release of that data, the pound remained lower against the U.S. dollar, with GBP/USD shedding 0.25% to trade at 1.6005.
Meanwhile, European stock markets held on to modest gains. London’s FTSE 100 rose 0.1%, the EURO STOXX 50 eased up 0.3%, France’s CAC 40 tacked on 0.4%, while Germany's DAX advanced 0.25%.
In a report, the British Banker's Association said that the number of new mortgages approved in August rose to 38,200 from July’s revised total of 37,400.
Analysts had expected the number of new mortgages approved in August to rise to 38,600.
Following the release of that data, the pound remained lower against the U.S. dollar, with GBP/USD shedding 0.25% to trade at 1.6005.
Meanwhile, European stock markets held on to modest gains. London’s FTSE 100 rose 0.1%, the EURO STOXX 50 eased up 0.3%, France’s CAC 40 tacked on 0.4%, while Germany's DAX advanced 0.25%.