Latest data released by UK Finance - 27 December 2019
- Prior 41.2k; revised to 41.3k
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 approvals climb to a near three-year high but consumer credit growth slows to just 4.0% y/y - the lowest since April.
The latter continues to suggest that the UK economy remains rather sluggish but this captures pre-election sentiment so we'll see how things go over the next few months.