direct: UK mortgage approval processes rose to the highest level in 6 years, before the impact of the Corona virus on the country’s economy.
And data released by the British Central Bank revealed on Monday that mortgage applications in the second largest European economy rose to 73.54 thousand applications in February, compared to 71 thousand requests in the previous month..
Analysts had expected mortgage applications to decline to the level of 68 thousand applications in the past month.
The data showed that the amount of money borrowed by families decreased to 0.9 billion pounds last February, compared to 1.1 billion pounds in the previous month.
By 9:12 am GMT, the British currency was down more than 0.5 percent, to $ 1.2390.