Despite the rising interest rates and weak economic activity, UK mortgage approvals increased in June, and consumer credit grew at the fastest pace in more than five years, official data revealed on Monday.Mortgage approvals increased to 54,700 in June from 51,100 in May, the Bank of England reported. Economists had expected a fall to 49,400.Approvals were the highest since October 2022 but they r...
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.