Investing.com - Mortgage approvals in the U.K. rose less-than-expected in June, but still hit the highest level since February 2012, industry data showed on Tuesday.
In a report, the British Banker's Association said that the number of new mortgages approved in May rose to 37,300 from June’s revised total of 36,300.
Analysts had expected the number of new mortgages approved in June to rise to 38,500.
Following the release of that data, the pound was modestly higher against the U.S. dollar, with GBP/USD adding 0.04% to trade at 1.5365.
Meanwhile, European stock markets held on to gains. London’s FTSE 100 rose 0.1%, the EURO STOXX 50 eased up 0.4%, France’s CAC 40 tacked on 0.2%, while Germany's DAX advanced 0.1%.
In a report, the British Banker's Association said that the number of new mortgages approved in May rose to 37,300 from June’s revised total of 36,300.
Analysts had expected the number of new mortgages approved in June to rise to 38,500.
Following the release of that data, the pound was modestly higher against the U.S. dollar, with GBP/USD adding 0.04% to trade at 1.5365.
Meanwhile, European stock markets held on to gains. London’s FTSE 100 rose 0.1%, the EURO STOXX 50 eased up 0.4%, France’s CAC 40 tacked on 0.2%, while Germany's DAX advanced 0.1%.