TeleTrade - Analytics

    TeleTrade

    731.00 6.50/10
    57% of positive reviews
    Real

    U.K.: BBA Mortgage Approvals rose more-than-expected | 25.02.2015

     

    Today the British Bankers' Association reported U.K. mortgage approvals rose more-than-expected last month. Approvals rose by 36,400 beating expectations of 36,200. In December 35,700 approvals were reported. The index reflects the number of issued mortgage credit permits. It is the leading indicator of the residential real estate market demand.

     

     

     

    Fuelled by the better-than-expected data and Yellen's testimony before the Senate Banking Committee stating that it's unlikely that the Fed will raise its interest rate in "the next couple of FOMC meetings"cable rose to a two-month high against the greenback.

     

     


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree