Latest data released by UK Finance on housing approval - 26 April 2018
- Prior 38.12k; revised to 38.04k
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.
UK Finance reports that mortgage approvals are down 10.0% y/y. Nothing much else of note. The full report can be found here.
A rough gauge of credit data in the UK, not a major data point.
GBP/USD back up to 1.3920 now after finding bids just under 1.3900. EUR/GBP near the highs for the day at 0.8749. GBP/JPY at 152.17, a little lower on the day.
