UK mortgage approvals rose to a three-month high in June and consumer credit increased notably, official data revealed on Tuesday.
Approvals for house purchases increased to a three-month high of 64,167 in June from 63,288 in May, the Bank of England reported. Approvals were above economists' forecast of 63,000.
Net borrowing of mortgage debt by individuals increased by GBP 3.1 billion to GBP 5.3 billion in June, compared to a GBP 2.8 billion increase of net borrowing to GBP 2.2 billion in May.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.