Latest data released by UK Finance - 26 April 2019

  • Prior 39.1k; revised to 39.2k

The data measures only a proportion of the demand in the UK housing market - those which are approved by High Street Banks in the UK. The headline reading sees mortgage approvals jump up to its highest since June last year while consumer credit growth rises to 4.1% y/y, also reflecting its strongest growth rate since June.

Overall, that's at least some positive data but the release here is not a major one by any means so it'll do little to really help boost the pound. As an aside, one positive data point also doesn't make up for the fact that the housing market is still softening because of Brexit.