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01.05.2019 17:20

British lenders approved the fewest mortgages in March since December 2017.

Bank of England data showed that lenders approved 62,341 mortgages, down from 65,340 in February and less than forecasts (64,850).

In cash terms, consumer credit increased by a net 549 million pounds in March, the smallest rise since November 2013 and following a 1.229 billion pound increase in February.

Annual growth in consumer credit slowed to 6.4 percent in March from 6.5 percent, marking the weakest growth since October 2014, the BoE said.

The BoE data showed net mortgage lending, which tends to lag behind approvals, rose to 4.120 billion pounds in March, up from 3.314 billion pounds in February.


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Market focus

  • Germany's trade surplus rose slightly in October
  • Swiss unemployment rate remained unchanged in November
  • China says hopes it can reach trade agreement with U.S. as soon as possible
  • Eurozone investor confidence rose sharply in December - Sentix
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Forex is open 24 hours a day, 5 days a week (except national holidays), and it can be broken up to the following four regional markets: Australia and Oceania, Asia, Europe, and America. A Forex trading session opens at 23:00 GMT on Sunday in Japan and closes at 22:00 GMT on Friday in the USA.

 
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