Investing.com – Mortgage approvals in the U.K. rose more-than-expected in June, industry data showed on Monday.
In a report, the British Banker's Association said that the number of new mortgages approved in June rose to 31.7K, above expectations for 31.3K.
The previous month’s figure was revised up to 30.8K from a previously reported 30.5K.
Following the release of that data, the pound was up against the U.S. dollar, with GBP/USD edging 0.1% higher to trade at 1.6307.
Meanwhile, European stock markets were broadly lower. The FTSE 100 fell 0.25%, the EURO STOXX 50 slumped 0.65%, France’s CAC 40 shed 0.5%, while Germany's DAX dipped 0.3%.
In a report, the British Banker's Association said that the number of new mortgages approved in June rose to 31.7K, above expectations for 31.3K.
The previous month’s figure was revised up to 30.8K from a previously reported 30.5K.
Following the release of that data, the pound was up against the U.S. dollar, with GBP/USD edging 0.1% higher to trade at 1.6307.
Meanwhile, European stock markets were broadly lower. The FTSE 100 fell 0.25%, the EURO STOXX 50 slumped 0.65%, France’s CAC 40 shed 0.5%, while Germany's DAX dipped 0.3%.