Investing.com – Mortgage approvals in the U.K. rose unexpectedly in October, industry data showed on Wednesday.
In a report, the British Banker's Association said that the number of new mortgages approved in October rose to 35.3K from 33.5K in September, whose figure was revised up from 33.1K.
Analysts had expected mortgage approvals to decline to 32.3K in October.
Following the release of that data, the pound remained lower against the U.S. dollar, with GBP/USD shedding 0.33% to trade at 1.5581.
Meanwhile, European stock markets were mixed. The FTSE 100 eased down 0.1%, the EURO STOXX 50 rose 0.3%, France’s CAC 40 added 0.3%, while Germany's DAX advanced 0.45%.
In a report, the British Banker's Association said that the number of new mortgages approved in October rose to 35.3K from 33.5K in September, whose figure was revised up from 33.1K.
Analysts had expected mortgage approvals to decline to 32.3K in October.
Following the release of that data, the pound remained lower against the U.S. dollar, with GBP/USD shedding 0.33% to trade at 1.5581.
Meanwhile, European stock markets were mixed. The FTSE 100 eased down 0.1%, the EURO STOXX 50 rose 0.3%, France’s CAC 40 added 0.3%, while Germany's DAX advanced 0.45%.