UK March mortgage approvals 64.31k vs 64.80k expected

• Prior 65.48k; revised to 65.09k
• Net consumer credit £0.9 billion vs £1.2 billion expected
• Prior £1.3 billion

After a decrease of £1.0 billion in February, net borrowing of mortgage debt by UK individuals rebounded sharply in March by by £9.7 billion to £13.0 billion. Meanwhile, net consumer credit is seen falling with the annual growth rate also easing further to 6.1% – down from 6.4% in February.

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