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Resolved Question
What will be the impact of increase in "bba loans for house purchase" on GBP?
over 2 years ago
Best Answer - Chosen by Voters
The UK's latest BBA mortgage approvals came in less than the market's 39,300 estimate in March with only 34,900. February's number was also revised downward to 33,400 from 35,300. The worse than expected result plus the downgrade in the previous month's figure added some more selling pressure on the GBP.
over 2 years ago
Answers (1)
If, on the other hand, BBA posts an increase in home loans for the month, it would reflect an improvement in the UK's housing market. This could then be bullish for the GBP.
over 2 years ago
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