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Free AccessMortgage Approvals Ease Slightly in.........>
UK DATA: Mortgage Approvals Ease Slightly in September
--BOE: UK Sep House Purchase Approvals 66,232 vs 67,232 Aug
--BOE: UK Sep Net Consumer Credit stg1.606bn vs stg1.760bn Aug
--BOE: UK Sep Net Mortgage Lending stg3.848bn vs stg3.929bn Aug
--BOE: UK Sep M4 Ex-intermediate OFCS +0.1% m/m; +4.3% 3m Annualised
--BOE: UK Sep Effective Interest Rate On New Secured Loans Fall To 1.97%
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New mortgage approvals fell to 66,232 in September from 67,232 in
August, broadly unchanged from the previous 6m average of 66,867.
Secured lending growth remained above trend on the month, growing by
stg3.848bn but above the previous 6m average of stg3.6bn. Elsewhere,
there was also a slowdown in the take up of unsecured credit. At
stg1.606bn, this monthly change was down from stg1.760bn in August but
did contain growth in credit card lending of stg641m, the biggest
rise since May of 2016.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.