Latest data released by UK Finance - 28 May 2019
- Prior 40.0k; revised to 40.6k
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 activity rise to its highest since February 2017 while consumer credit grew slightly slower in April at a pace of 3.8% y/y relative to the 4.1% y/y reading in March.
Nonetheless, it still suggests that housing market sentiment is still holding up decently over the past few months in light of the prolonged Brexit uncertainty from last year. However, it's not something that will help provide much reprieve for the pound whatsoever.
