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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 |
|
|
1.2687 -252 pips |
1.3000 -61 pips |
1.29386 | |
| GBPJPY |
|
|
187.2161 -700 pips |
194.4646 -25 pips |
194.212 | |
| EURGBP |
|
|
0.8330 -7 pips |
0.8402 -65 pips |
0.83375 | |
| GBPCAD |
|
|
1.8181 -294 pips |
1.8512 -37 pips |
1.84750 | |
| GBPCHF |
|
|
1.1329 -94 pips |
1.1559 -136 pips |
1.14230 | |
| GBPNZD |
|
|
2.1980 -609 pips |
2.1940 +649 pips |
2.25886 | |
| GBPAUD |
|
|
2.0060 -483 pips |
2.0484 +59 pips |
2.05430 | |
| GBPNOK |
|
|
13.5325 -763 pips |
13.7532 -1444 pips |
13.60882 | |
| GBPSEK |
|
|
12.9781 -99 pips |
13.4407 -4527 pips |
12.98797 | |
| GBPSGD |
|
|
1.7176 -117 pips |
1.7627 -334 pips |
1.72929 |
News (GBP)
UK Private Sector Growth Hits 6-Month High
The UK private sector growth strengthened to a six-month high in March, driven by the fastest upturn in the services economy since 2024, flash survey data from S&P Global revealed Monday. The flash composite output index registered 52.0 in March, up from 50.5 in February. The index has remained above the crucial 50.0 mark for the seventeenth month in a row.
RTTNews | 1 day ago
UK Budget Deficit Overshoots Estimate
The UK budget deficit exceeded official estimate in February on higher spending, figures from the Office for Statistics revealed Friday. Public sector net borrowing rose to GBP 10.7 billion from GBP 10.6 billion in the previous year. Economists had forecast the borrowing to drop to GBP 7.0 billion. This was the fourth biggest February borrowing since monthly records began in 1993.
RTTNews | 4 days ago
Bank Of England Pauses Rate Cuts Amid Trade Tensions
The Bank of England paused its monetary easing on Thursday amid intensifying uncertainty over global trade policy and weak economic growth in the U.K. The nine-member Monetary Policy Committee, headed by BoE Governor Andrew Bailey, decided to maintain the Bank Rate at 4.5 percent, which was the lowest level since June 2023. Only Swati Dhingra, an external member of the committee, preferred a qu
RTTNews | 5 days ago
