British mortgage approvals hit their highest level in nearly two-and-a-half year...
LONDON, Jan 31 - British mortgage approvals hit their highest level in nearly two-and-a-half years in December, according to Bank of England data on Friday that added to signs of an economic pick-up since last month’s election.
The number of mortgages approved for house purchase rose to 67,241 in December - higher than the consensus forecast of 65,700 in a Reuters poll of economists - from 65,514 in November. There have been other signs that Prime Minister Boris Johnson’s victory in the Dec. 12 election - which removed the possibility of a further delay to Brexit which is due to happen on Friday - has given a confidence boost to the economy.
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