UK mortgage approvals increased more than expected to a 17-month high in February as markets expect interest rate cuts this year.Mortgage approvals for house purchases rose to 60,400 in February from 56,100 in January, the Bank of England reported Tuesday. This was the highest since September 2022 and also exceeded the forecast of 57,000. Net approvals for remortgaging also increased in February, ...
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.