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 |
|
|
1.2349 -91 pips |
1.2720 -280 pips |
1.24403 | |
| GBPJPY |
|
|
186.9015 -659 pips |
194.3284 -83 pips |
193.496 | |
| EURGBP |
|
|
0.8363 -17 pips |
0.8431 -51 pips |
0.83796 | |
| GBPCAD |
|
|
1.7699 -209 pips |
1.7920 -12 pips |
1.79083 | |
| GBPCHF |
|
|
1.1202 -42 pips |
1.1416 -172 pips |
1.12443 | |
| GBPNZD |
|
|
2.1720 -228 pips |
2.1287 +661 pips |
2.19478 | |
| GBPAUD |
|
|
1.9626 -264 pips |
1.9914 -24 pips |
1.98900 | |
| GBPNOK |
|
|
0 -140057 pips |
14.1085 -1028 pips |
14.00573 | |
| GBPSEK |
|
|
13.8158 +1476 pips |
13.8169 -1487 pips |
13.66815 | |
| GBPSGD |
|
|
1.6843 +47 pips |
1.7057 -261 pips |
1.67955 |
News (GBP)
UK Budget Deficit Surges On Interest Payments
The UK budget deficit more than doubled in December largely due to interest payments, highlighting the challenges faced by Chancellor Rachel Reeves amid high borrowing costs and weaker economic growth. Public sector net borrowing increased GBP 10.1 billion from the last year to GBP 17.8 billion in December, the Office for National Statistics said Wednesday.
RTTNews | 6 days ago
UK Jobless Rate Rises, Wage Growth Remains High
The UK unemployment rate rose slightly in the third quarter and wage growth remained high but falling vacancies suggests a decrease in pay pressures, official data showed on Tuesday. The unemployment rate rose to 4.4 percent in the September to November period, as expected, from 4.3 percent in the three months to October, the Office for National Statistics revealed.
RTTNews | 7 days ago
UK House Prices Rise Most Since 2020: Rightmove
UK house prices increased the most since 2020 and new sellers coming to the market hit a record in January, data from the property website Rightmove showed on Monday. Average house prices increased 1.7 percent in January from a month ago, marking the largest jump in prices at the start of the year since 2020. This follows a 1.7 percent fall in December.
RTTNews | 8 days ago
