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U.K. BBA mortgage approvals fall to 13-month low in September

Published 10/23/2014, 04:35 AM
Updated 10/23/2014, 04:35 AM
U.K. BBA mortgage approvals fall unexpectedly in September

Investing.com - Mortgage approvals in the U.K. declined to the lowest level in more than a year in September, dampening optimism over the health of the housing sector, industry data showed on Thursday.

In a report, the British Banker's Association said that the number of new mortgages approved decreased to 39,300 last month from August’s revised total of 41,400.

Analysts had expected the number of new mortgages approved to rise to 41,500 in September.

GBP/USD was trading at 1.6006 from around 1.6027 ahead of the release of the data, while EUR/GBP was at 0.7912 from 0.7902 earlier.

Meanwhile, European stock markets were mixed. London’s FTSE 100 shed 0.4%, the DJ Euro Stoxx 50 advanced 0.6%, France's CAC 40 inched up 0.5%, while Germany's DAX rose 0.5%.

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