Latest data released by UK Finance on housing approval - 26 March 2018
- Prior 40.12k; revise to 40.03k
The data measures only a proportion of the demand in the UK housing market - those which are approved by High Street Banks in the UK.
UK Finance reports that mortgage approvals are 11% down year-on-year for the month, while consumer credit was +0.8% y/y following January's fall.
A minor data point, as it's a rough gauge of the UK credit market since this only applies to those dealings involving High Street Banks.
GBP/USD at 1.4185, near the highs. EUR/GBP at 0.8731 still rather ranging. GBP/JPY up to 149.04, also sitting near the highs for the day.
