UK Finance June mortgage approvals 42.7k vs 42.7k expected

Latest data released by UK Finance - 24 July 2019

The data measures only a proportion of the demand in the UK housing market - those which are approved by High Street Banks in the UK. Of note, consumer credit growth is seen holding steady in June at +4.1% y/y, unchanged from May.

This continues to point to some decent performance in the housing market but Brexit uncertainty remains the main problem affecting other sectors in Q2.

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