U.K. BBA mortgage approvals decline unexpectedly in October
Investing.com
Published Nov 25, 2013 04:34AM ET
In a report, the British Banker's Association said that the number of new mortgages approved in October fell to 42,800 from September’s revised total of 43,200, which was the highest since December 2009.
Analysts had expected the number of new mortgages approved to rise to 45,200 last month.
Following the release of that data, the pound remained lower against the U.S. dollar, with GBP/USD shedding 0.22% to trade at 1.6188.
Meanwhile, European stock markets held on to gains. London’s FTSE 100 rose 0.5%, the EURO STOXX 50 added 0.5%, France’s CAC 40 inched up 0.4%, while Germany's DAX climbed 0.7%.
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Written By: Investing.com
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