Investing.com - Mortgage approvals in the U.K. rose more-than-expected in September, hitting a five-month high, industry data showed on Tuesday.
In a report, the British Banker's Association said that the number of new mortgages approved in September rose to 31,200 from 30,700 in August, whose figure was revised up from 30,500.
Analysts had expected mortgage approvals to rise to 30,900 in September.
Following the release of that data, the pound remained fractionally lower against the U.S. dollar, with GBP/USD easing down 0.03% to trade at 1.6009.
Meanwhile, European stock markets were mildly lower. London’s FTSE 100 shed 0.65%, the EURO STOXX 50 fell 0.7%, France’s CAC 40 declined 0.6%, while Germany's DAX slumped 0.9%.
In a report, the British Banker's Association said that the number of new mortgages approved in September rose to 31,200 from 30,700 in August, whose figure was revised up from 30,500.
Analysts had expected mortgage approvals to rise to 30,900 in September.
Following the release of that data, the pound remained fractionally lower against the U.S. dollar, with GBP/USD easing down 0.03% to trade at 1.6009.
Meanwhile, European stock markets were mildly lower. London’s FTSE 100 shed 0.65%, the EURO STOXX 50 fell 0.7%, France’s CAC 40 declined 0.6%, while Germany's DAX slumped 0.9%.