Latest data released by UK Finance - 26 June 2019
- Prior 43.0k; revised to 42.9k
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. Mortgage activity drops a little after hitting its highest level since February 2017 in April while consumer credit growth strengthened to +4.1% y/y relative to the +3.8% y/y reading in April.
This suggests decent UK housing/credit conditions still but it isn't something that will lend itself to pound strength given that Brexit uncertainty is still weighing on the economy as a whole.
