Mon, February 01, 2016
U.K. mortgage approvals unforeseeably rose in December, illustrating strength in the housing market at the end of 2015.
Approvals climbed to 70,837 from 70,424 in November. Economists had predicted a fall to 69,600. Net mortgage lending declined to 3.2 billion pounds from 3.8 billion pounds.
The figures add to evidence of a resilient housing market, with low interest rates and record employment fuelling demand that’s unmatched by new supply. The effective interest rate on new secured loans was unchanged at 2.55% in December. The rate on outstanding mortgages declined 2 basis points to 2.99%.
The Pound rose against both the Dollar and the Euro after these figures to 1.4304 and 1.3188.
Data to look out for today.
13:30: USD Personal Consumption Expenditure
15:00: USD ISM Manufacturing
CURRENCY PAYMENTS MADE SIMPLE
PRESS RELEASE
KBRFX was mentioned in the Essex Chronicle for the top 100 companies by turnover in Essex http://www.essexchronicle.co.uk/100-Essex-businesses-revealed-annual-survey/story-25140555-detail/story.html
| Day | Time | Currency | Event |
|---|---|---|---|
| MON | 08:45 | EUR | EUR Markit/ADACI Italy Manufacturing PMI | MON | 08:50 | EUR | EUR Markit France Manufacturing PMI | MON | 08:55 | EUR | EUR Markit/BME Germany Manufacturing PMI | MON | 09:00 | EUR | EUR Markit Eurozone Manufacturing PMI | MON | 09:15 | EUR | EUR ECB Executive Board Member Coeure Speaks in Budapest | MON | 09:30 | GBP | GBP Net Consumer Credit | MON | 09:30 | GBP | GBP M4 Money Supply (YoY) | MON | 09:30 | GBP | GBP M4 Ex IOFCs 3M Annualised | MON | 09:30 | GBP | GBP Markit UK PMI Manufacturing s.a. | MON | 09:30 | GBP | GBP M4 Money Supply (MoM) | MON | 09:30 | GBP | GBP Net Lending Sec. on Dwellings | MON | 09:30 | GBP | GBP Mortgage Approvals | MON | 13:30 | USD | USD Personal Income | MON | 13:30 | USD | USD Personal Spending | MON | 13:30 | USD | USD Personal Consumption Expenditure Deflator (MoM) | MON | 13:30 | USD | USD Personal Consumption Expenditure Core (YoY) | MON | 13:30 | USD | USD Real Personal Spending | MON | 13:30 | USD | USD Personal Consumption Expenditure Deflator (YoY) | MON | 13:30 | USD | USD Personal Consumption Expenditure Core (MoM) | MON | 14:45 | USD | USD Markit US Manufacturing PMI | MON | 15:00 | USD | USD ISM New Orders | MON | 15:00 | USD | USD Construction Spending (MoM) | MON | 15:00 | USD | USD ISM Manufacturing | MON | 15:00 | USD | USD ISM Prices Paid | MON | 16:30 | USD | USD U.S. to Sell 3-Month Bills | MON | 16:30 | USD | USD U.S. to Sell 6-Month Bills |
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*These are indicative rates only, based on interbank prices at the time of writing. For exact rates please contact our dealing team
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