UK February mortgage approvals 65.5k vs 65.6k expected

• Prior 66.2k
• Net consumer credit £1.4 billion vs £1.2 billion expected
• Prior £1.7 billion

Individual net borrowing of mortgage debt fell in February by £0.9 billion, down to £3.3 billion. That follows a £0.8 billion increase in January. But the annual growth of net mortgage lending was little changed, seen at 1.9%. Besides that, the annual growth for consumer credit was steady on the month – seen at 6.4%.

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