UK mortgage approvals drop

UK mortgage approvals slipped to their weakest level since February and net consumer lending remained tame in June, data from the Bank of England showed Thursday. Mortgage approvals, a good leading indicator of activity in the housing market, fell to 47,643 in June from a downwardly revised 49,461 in May. That was the weakest level since February and was below the 49,000 forecast by economists in survey last week.

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3d rendering of a row of luxury townhouses along a street

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