• 41881 prev revised up from 41757
  • net mortgage lending GBP +1.109 bln vs +1.334 bln prev

Better than expected data* has helped put a bid under cable after the MPC 9-0 vote put paid to early interest rate rise and sent the pair down to 1.7067 from 1.7092 prior but then back to 1.7083

Currently 1.7074

*. Figure from Bbg poll. Other forecasters had been expecting up to 43.4k

UK BBA mortgage approvals mm

UK BBA mortgage approvals mm