Latest data released by UK Finance - 26 November 2018
- Prior 38.51k; revised to 38.71k
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 figure is a four-month high but from a year-on-year perspective, mortgage activity is down by 1.2%. That's a slight improvement to September where it was down by 2% on a year-on-year basis.
Despite the uptick, housing activity remains a tad soft for the time being with Brexit adding to potential worries in the market. GBP/USD sits at 1.2840 currently as the dollar remains weak on the day. EUR/GBP sits at 0.8864 near the highs as the euro gains on the back of positive Italian budget news.
