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UK Mortgage Approvals Unexpectedly Rise

Por: RTTNews Business July 31, 2023

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Despite the rising interest rates and weak economic activity, UK mortgage approvals increased in June, and consumer credit grew at the fastest pace in more than five years, official data revealed on Monday.Mortgage approvals increased to 54,700 in June from 51,100 in May, the Bank of England reported. Economists had expected a fall to 49,400.Approvals were the highest since October 2022 but they remained below the monthly average of 62,700 in... + full article



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