Mortgage Approvals

The UK BBA Mortgage Approvals holds near record lows at 22.4K from the previous 21.1K. No forecast was available for this release.

The GBP did not move much after this data.

The BBA Mortgage Approvals number comes out at 28.0K from the previously revised 34.7K.  This is the lowest release since the start of this series of data (1997). There was no forecast for this data.

The GBP was dragged down across the board as this number did come out significantly lower than the previous figure.

The Mortgage Approvals number comes out at 64K from the previous 73K.  This number was forecast for a drop at 65K. 

In addition, the M4 Money Supply comes out at 0.8% from the previous 0.8% as well.

Very little change in the GBP as these number came out pretty much on par with forecast.  The Bank Of England Governor Mervyn King is expected to make comments in about 15 minutes which may cause more volatility with the GBP pairs.