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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK BBA mortgage approvals eased in August
In the UK, BBA mortgage approvals registered a drop to a level in 42.58 K in August. In the previous month, BBA mortgage approvals had registered a revised reading of 43.30 K.
UK CBI distributive trade survey’s retail sales balance advanced in September
In the UK, the CBI distributive trade survey’s retail sales balance registered a rise to 16.00% in September, higher than market expectations of a rise to 25.00%. In the prior month, the CBI distributive trade survey’s retail sales balance had recorded a reading of 49.00%.
US new home sales surprisingly advanced in August
In the US, new home sales unexpectedly advanced to a level of 713.00 K on a MoM basis in August, higher than market expectations to level of 660.00 K. In the prior month, new home sales had registered a revised reading of 666.00 K.
US mortgage applications declined in the last week
In the US, mortgage applications fell 10.10% on a weekly basis in the week ended 20 September 2019. Mortgage applications had recorded a drop of 0.10% in the previous week.
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