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UK mortgage approvals rise, money supply slows

Created at 2 Jun · 8:36 AM17 sources↑ Market-relevant11 events
IN SHORT

UK mortgage approvals increased to 65.9K in April, surpassing forecasts. However, money supply growth slowed down.

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Key Numbers

65.9KUK mortgage approvals April
62.0KUK mortgage approvals estimate April
1.9B GBPUK net consumer credit April
0.2%UK Money Supply M4 (M/M) April
4.5%UK Money Supply M4 (Y/Y) April
4.37B GBPUK mortgage lending April
6.83B GBPUK mortgage lending previous
1.904B GBPUK consumer credit previous April

Who's Involved

Bank of England
Monitors UK monetary data and sets interest rates

↳ Why This Matters

Mortgage approvals are a key indicator of the health of the UK housing market and broader consumer credit conditions. An increase in approvals suggests greater demand for housing and potentially higher spending, while a decrease can signal a cooling market. Consumer credit data provides insights into household borrowing and spending patterns. Money supply figures offer clues about future inflation and economic activity.

Key facts

  • UK mortgage approvals rose to 65.9K in April.
  • Net consumer credit was 1.9B GBP in April.
  • UK Money Supply M4 increased by 0.2% month-over-month in April.
  • UK Money Supply M4 increased by 4.5% year-over-year in April.
  • UK mortgage lending decreased to 4.37B GBP in April.

Mortgage approvals are a key indicator of the health of the UK housing market and broader consumer credit conditions. An increase in approvals suggests greater demand for housing and potentially higher spending, while a decrease can signal a cooling market. Consumer credit data provides insights into household borrowing and spending patterns. Money supply figures offer clues about future inflation and economic activity.

Frequently asked questions

UK mortgage approvals for April were 65.9K, exceeding the estimate of 62.0K.

Net consumer credit in April was 1.9B GBP.

UK Money Supply M4 increased by 0.2% month-over-month in April.

UK Money Supply M4 increased by 4.5% year-over-year in April.

UK mortgage lending for April was 4.37B GBP, a decrease from the previous 6.83B GBP.

What Happens Next

01Monitor future mortgage approval and consumer credit data for trends.
02Observe the impact of these figures on the UK housing market and economy.
03Assess the Bank of England's response to credit and housing market conditions.
04Analyze the implications of money supply trends for inflation and monetary policy.

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Cadence
CME Headlines
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How It Developed

2 Jun · 8:47 AM
Article confirms April UK mortgage approvals at 65.9K and notes a slowdown in money supply growth.
@PiQSuite via PiQSuite
2 Jun · 8:39 AM
UK mortgage approvals rose in April, staying above the six-month average, signaling a positive housing market trend.
@investingLive_ via PiQSuite
2 Jun · 8:36 AM
UK net consumer credit in April was 1.859B GBP, slightly down from the previous month but above forecasts.
@PiQNewswire via PiQSuite
2 Jun · 8:33 AM
UK M3 money supply remained unchanged at £3 billion in April, matching the previous month's figure.
Economic And Earnings Data via PiQSuite
2 Jun · 8:33 AM
UK mortgage lending in April decreased to £4.37B from £6.83B in the prior month.
Economic And Earnings Data via PiQSuite
2 Jun · 8:33 AM
UK consumer credit in April exceeded forecasts, reaching 1.859B pounds, but was slightly below the previous month's 1.904B.
Economic And Earnings Data via PiQSuite
2 Jun · 8:33 AM
UK M4 money supply grew by 0.2% in April, falling short of the 0.6% forecast and down from 0.8% previously.
Economic And Earnings Data via PiQSuite
2 Jun · 8:33 AM
UK net lending to individuals in April was 6.2B, falling short of the 7.1B forecast and the previous 8B.
Economic And Earnings Data via PiQSuite
2 Jun · 8:33 AM
UK mortgage approvals increased to 65.94K in April, exceeding the forecast of 62K and the previous month's 63.98K.
Economic And Earnings Data via PiQSuite
2 Jun · 8:32 AM
UK M4 money supply saw a monthly increase of 0.2% and a yearly increase of 4.5% in April.
@LiveSquawk via PiQSuite
2 Jun · 8:32 AM
UK mortgage approvals in April surpassed expectations, while consumer credit growth held steady.
@LiveSquawk via PiQSuite

Sources

T1
🇬🇧 United Kingdom Mortgage Approvals (Apr) $GBP Actual: 65.94K 🟢 Forecast: 62K Previous: 63.98K 🟢m.piqsuite.com
T1
🇬🇧 United Kingdom Net Lending to Individuals $GBP Actual: 6.2B 🔴 Forecast: 7.1B Previous: 8Bm.piqsuite.com
T1
🇬🇧 United Kingdom M4 Money Supply (Apr) $GBP Actual: 0.2% 🔴 Forecast: 0.6% Previous: 0.8%m.piqsuite.com
T1
🇬🇧 United Kingdom BoE Consumer Credit (Apr) $GBP Actual: 1.859B 🟢 Forecast: 1.7B Previous: 1.904B 🟢m.piqsuite.com
T1
🇬🇧 United Kingdom Mortgage Lending (Apr) $GBP Actual: 4.37B Previous: 6.83B 🟢m.piqsuite.com
T1
🇬🇧 United Kingdom M3 Money Supply (Apr) $GBP Actual: 3B Previous: 3B 🟢m.piqsuite.com
T1
UK Money Supply M4 (M/M) Apr: 0.2% (prev 0.8%) UK Money Supply M4 (Y/Y) Apr: 4.5% (prev 4.3%)@LiveSquawk via PiQSuite
T1
UK Mortgage Approvals Apr: 65.9K (est 62.0K; prev 63.5K; prev R 64.0K) - Net Consumer Credit: 1.9B (est 1.7B; prev 1.9B) - Consumer Credit (Y/Y): 8.8% (prev 8.9%) - Net Lending Sec. On Dwellings: 4.4B (est 5.4B; prev 6.2B; prev R 6.8B)@LiveSquawk via PiQSuite
T1
UK mortgage approvals climbs in April, holds above six-month average https://t.co/VnCn1o8U4D@investingLive_ via PiQSuite
T1
UK Money Supply M4 (M/M) Apr: 0.2% (prev 0.8%) -UK Money Supply M4 (Y/Y) Apr: 4.5% (prev 4.3%)@LiveSquawk via PiQSuite
T1
RT @LiveSquawk: UK Mortgage Approvals Apr: 65.9K (est 62.0K; prev 63.5K; prev R 64.0K) - Net Consumer Credit: 1.9B (est 1.7B; prev 1.9B) -…@sunchartist via PiQSuite
T1
🇬🇧 United Kingdom Mortgage Approvals (Apr) $GBP Actual: 65.94K 🟢 Forecast: 62K Previous: 63.98K 🟢@PiQNewswire via PiQSuite
T1
🇬🇧 United Kingdom Mortgage Lending (Apr) $GBP Actual: 4.37B Previous: 6.83B 🟢@PiQNewswire via PiQSuite
T1
🇬🇧 United Kingdom BoE Consumer Credit (Apr) $GBP Actual: 1.859B 🟢 Forecast: 1.7B Previous: 1.904B 🟢@PiQNewswire via PiQSuite
T1
🇬🇧 United Kingdom Net Lending to Individuals $GBP Actual: 6.2B 🔴 Forecast: 7.1B Previous: 8B@PiQNewswire via PiQSuite
T1
UK mortgage approvals rise, money supply slows UK mortgage approvals increased to 65.9K in April, surpassing forecasts. Net consumer credit was 1.9B. Money Supply M4 rose 0.2% month-over-month and 4.5% year-over-year, indicating a slowdown in money supply growth.@PiQSuite via PiQSuite
T1
RT @PiQSuite: UK mortgage approvals rise, money supply slows UK mortgage approvals increased to 65.9K in April, surpassing forecasts. Ne…@sunchartist via PiQSuite

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