UK mortgage approvals declined to the lowest since mid-2020 in April as rising interest rate and cost of living weighed on the housing market activity, data from the Bank of England showed on Tuesday.
Mortgage approvals for house purchases decreased to 66,000 in April from 69,500 in March. This was the lowest since June 2020 and slightly below the twelve-month pre-pandemic average up to February 2020 and the expected level of 69,000.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.