UK October mortgage approvals 47.38k vs 45.00k expected

<ul><li>Prior 43.33k; revised to 43.68k</li><li>Net consumer credit £1.3 billion vs £1.5 billion expected</li><li>Prior £1.4 billion</li></ul><p>Gross lending fell to £16.2 billion in October, down from £18.1 billion in September as individuals repaid, on net, £0.1 billion of mortgage debt on the month – as opposed to £1.0 billion of net repayments in the month before. Meanwhile, the annual growth for consumer credit is seen increasing further to 8.1% – the highest since October 2018.</p>

This article was written by Justin Low at www.forexlive.com.