UK August mortgage approvals 64.86k vs 64.00k expected

• Prior 61.99k; revised to 62.50k
• Net consumer credit £1.3 billion vs £1.4 billion expected
• Prior £1.2 billion

Mortgage approvals rose in August, moving up to its highest level since August 2022 – largely driven by a surge in purchase activity. On net, individuals borrowed £2.9 billion of mortgage debt in August, compared to £2.8 billion in July.

This article was written by Justin Low at www.forexlive.com.