UK mortgage approvals increased sharply in June as the housing market reopened after the relaxation of restrictions to curb the spread of the coronavirus, data from the Bank of England showed Wednesday.
The number of mortgages approved in June rose to a three-month high of 40,000 in June from a record low 9,300 in May. Approvals were expected to rise to 33,900. However, the latest figure was below February's pre-Covid level of 73,700.
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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.