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UK Mortgage Approvals Lowest Since 2017; Consumer Borrowing Slows Sharply

UK mortgage approvals for house purchase fell to its lowest level in over a year in March and consumer credit growth was the weakest in nearly five-and-a-half years as the original Brexit deadline approached, figures from the Bank of England showed on Wednesday.

Mortgage approvals for house purchase fell to 62,341 in March from a revised 65,340 in February. Economists had forecast 64,400 approvals.

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by RTTNews Staff Writer

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