United Kingdom BBA Mortgage Approvals below expectations (38.5K) in October: Actual (37.1K)

FXStreet.com (Barcelona)

Nov 25, 2014

South Africa Gross Domestic Product (QoQ) up to 1.4% in 3Q from previous 0.6%

BBA figures suggest further cooling of UK housing market

UK BBA mortgage approvals declined to 37.1k in October, further than the consensus expectation of 38.5k and down from 39.3k in September. The declines come following the implementation of macroprudential policies by the Bank of England aimed as cooling the UK housing market.