Down from 50.2 in November and weaker than Reuters’ median forecast of 50.5.
Lowest read since April 2009
Given the UK’s dependence on the service sector this is bleak news indeed.
November mortgage approvals 54,036, better than Reuters’ median forecast of 53,800 and highest since January 2012.
That’s the good news.
Not so good, mortgage lending for November -0.2 bln, weaker than Reuters’ median forecast of +0.5 bln.
Cable slips to session low 1.6042.
