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UK June mortgage approvals 64.17k vs 63.00k expected

  • Prior 63.03k; revised to 63.29k
  • Net consumer credit £1.4 billion vs £1.2 billion expected
  • Prior £0.9 billion

Net borrowing of mortgage debt by UK individuals increased by £3.1 billion to £5.3 billion in June. And that compares to a £2.8 billion increase to £2.2 billion seen in May. As for consumer credit growth, that is seen at 6.7% year-on-year in June. And that is up from 6.5% in May.

This article was written by Justin Low at investinglive.com.

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