Investing.com – Preliminary mortgage approvals in Britain fell more-than-expected in August, declining to their lowest level in 17 months, official data showed on Monday.
In a report, the Bank of England said preliminary mortgage approvals fell to 45K in August, after declining to 49K in July.
Analysts had expected mortgage approvals to fall to 46K in June.
Following the release of the data the pound was down against the U.S. dollar, with GBP/USD shedding 0.21% to hit 1.5598.
In a report, the Bank of England said preliminary mortgage approvals fell to 45K in August, after declining to 49K in July.
Analysts had expected mortgage approvals to fall to 46K in June.
Following the release of the data the pound was down against the U.S. dollar, with GBP/USD shedding 0.21% to hit 1.5598.