Investing.com - Mortgage approvals in the U.K. rose more-than-expected in November to 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 rose to 45,000 last month from October’s revised total of 43,300. Analysts had expected the number of new mortgages approved to rise to 44,500 in November.
Following the release of that data, the pound remained lower against the U.S. dollar, with GBP/USD shedding 0.12% to trade at 1.6337.
Meanwhile, European stock markets held on to gains. London’s FTSE 100 rose 0.5%, while France’s CAC 40 inched up 0.25%.
In a report, the British Banker's Association said that the number of new mortgages approved rose to 45,000 last month from October’s revised total of 43,300. Analysts had expected the number of new mortgages approved to rise to 44,500 in November.
Following the release of that data, the pound remained lower against the U.S. dollar, with GBP/USD shedding 0.12% to trade at 1.6337.
Meanwhile, European stock markets held on to gains. London’s FTSE 100 rose 0.5%, while France’s CAC 40 inched up 0.25%.