Investing.com

Investing.com - Mortgage approvals in the U.K. fell to the lowest level in nine months in May, industry data showed on Tuesday.



In a report, the British Banker''s Association said that the number of new mortgages approved declined to 41,800 last month from April’s revised total of 41,900.



Analysts had expected the number of new mortgages approved to fall to 41,300 in May.



Following the release of that data, the pound held on to modest losses against the U.S. dollar, with GBP/USD shedding 0.04% to trade at 1.7021.



Meanwhile, European stock markets remained mixed. London’s FTSE 100 dipped 0.1%, the Euro Stoxx 50 fell 0.1%, France’s CAC 40 added 0.1%, while Germany''s DAX inched up 0.1%.





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