UK mortgage approvals increased to a 22-month high in July as hopes of further interest rate cuts lured buyers to the housing market, data released by the Bank of England revealed Friday.Net mortgage approvals for house purchase rose to 62,000 in July from 60,600 in June. This was the highest since September 2022 and also exceeded economists' forecast of 60,500.Data showed that borrowing of mortga...
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Business News
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.