empty
 
 

2018.03.2905:32:00UTC+00UK Mortgage Approvals Decline More Than Forecast

UK mortgage approvals declined more than expected in February, the Bank of England reported Thursday.

The number of loans approved for house purchases fell to 63,910 from 67,110 in January. The expected level was 66,000.

Secured lending grew at a faster pace of GBP 3.7 billion after rising GBP 3.4 billion in January. Consumer credit increased by GBP 1.6 billion or 0.8 percent. This was bigger than the expected growth of GBP 1.4 billion.

Data showed that loans to non-financial businesses rose GBP 3.6 billion, in contrast to a decline of GBP 1.5 billion in January.

Annual growth in M4 slowed to 4.1 percent in February from 4.3 percent in January. On a monthly basis, M4 dropped 0.3 percent in contrast to January's 1.5 percent increase.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback