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U.K. BBA mortgage approvals rise less-than-expected

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Investing.com - Investing.com - Mortgage approvals in the U.K. rose less-than-expected in November, industry data showed on Thursday.

In a report, the British Banker's Association said that the number of new mortgages approved in November rose to 33,600 from 33,100 in October, whose figure was revised up from 33,000.

Analysts had expected mortgage approvals to rise to 34,600 in November.

Following the release of that data, the pound remained higher against the U.S. dollar, with GBP/USD easing up 0.16% to trade at 1.6162.

Meanwhile, European stock markets were higher. London's FTSE 100 added 0.2%, the EURO STOXX 50 rose 0.35%, France's CAC 40 gained 0.6%, while Germany's DAX tacked on 0.2%.

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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.

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