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U.K. BBA mortgage approvals decline to 6-month low in February

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Investing.com - Mortgage approvals in the U.K. declined unexpectedly to the lowest level in six months in February, industry data showed on Monday.

In a report, the British Banker's Association said that the number of new mortgages approved in February fell to 30,500 from January's revised total of 32,000.

Analysts had expected mortgage approvals to rise to 33,600 in February.

Following the release of that data, the pound was little changed against the U.S. dollar, with GBP/USD shedding 0.02% to trade at 1.5256.

Meanwhile, European stock markets held on to gains. London's FTSE 100 added 0.7%, the EURO STOXX 50 rose 1.5%, France's CAC 40 gained 1.6%, while Germany's DAX rallied 1.4%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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