United Kingdom Mortgage Approvals
In the UK, mortgage approvals for home purchases relate to the creditors' firm offers to extend credit to their customers against the purchase of certain residences secured by the loan. It applies to approvals that are fully secured on residential property by a first mortgage. Existing borrowers who want to transfer their existing mortgage to another property, lending to first-time buyers, and lending for buy-to-let purposes.
A higher than expected figure should be seen as positive (bullish) for the GBP while a lower than expected figure should be seen as negative (bearish) for the GBP.
Forex Sentiment (GBP)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| GBPUSD |
|
|
1.2469 -55 pips |
1.2611 -87 pips |
1.25236 | |
| GBPJPY |
|
|
188.1098 -699 pips |
194.0821 +102 pips |
195.102 | |
| EURGBP |
|
|
0.8580 -19 pips |
0.8626 -27 pips |
0.85987 | |
| GBPCAD |
|
|
1.7008 -113 pips |
1.7144 -23 pips |
1.71210 | |
| GBPCHF |
|
|
1.1200 -152 pips |
1.1451 -99 pips |
1.13520 | |
| GBPNZD |
|
|
2.0659 -146 pips |
2.0897 -92 pips |
2.08051 | |
| GBPAUD |
|
|
1.8764 -200 pips |
1.9105 -141 pips |
1.89645 | |
| GBPNOK |
|
|
0 -135793 pips |
13.8222 -2429 pips |
13.57930 | |
| GBPSEK |
|
|
13.2590 -3121 pips |
13.7155 -1444 pips |
13.57108 | |
| GBPSGD |
|
|
1.6842 -118 pips |
1.7156 -196 pips |
1.69601 |
News (GBP)
Better Than Expected Q1 Growth Leads UK Out Of Recession
The UK economy ended a technical recession in the first quarter with the economic output growing better than expected and also marked the strongest since late 2021 led by a rebound in the services output and household spending. Gross domestic product grew 0.6 percent from the fourth quarter, when the economy shrunk 0.3 percent, preliminary estimates from the Office for National Statistics showed.
RTTNews | 20h 4min ago
Bank Of England Moves Closer To Rate Cut
The Bank of England left its key policy rate unchanged for the sixth consecutive meeting and signaled that the first rate cut since 2020 is on the horizon. The Monetary Policy Committee decided to hold the Bank Rate at 5.25 percent again in a split vote. The current bank rate is the highest since early 2008.
RTTNews | 1 day ago
UK Halifax House Prices Edge Up In April
UK house prices rose only marginally in April as rising interest rate expectations weighed on the property market, data published by the mortgage lender Halifax showed on Tuesday. House prices posted a monthly increase of 0.1 percent in April, which was weaker than the expected 0.2 percent growth. However, this was in contrast to the 0.9 percent fall in March.
RTTNews | 3 days ago
