Monitor UK Mortgage Approvals to gauge housing market trends, despite overlap with earlier BBA data.
Typically has a limited effect since approximately 60% of mortgages are reflected in the BBA Mortgage Approvals data published earlier;
What it Measures
Total number of new mortgages approved for home purchases in the prior month;
Usual Effect
'Actual' figures exceeding 'Forecast' are positive for the currency;
Source & Frequency
Bank of England (latest release) - https://www.bankofengland.co.uk/ • Released monthly, approximately 30 days after the end of the reporting month;
How Data is Derived
N/A
Also Known As
Approvals Secured on Dwellings
Acronym
Bank of England (BOE)