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UK mortgage approvals hit 2-year high in July as market stabilises - BoE

British lenders approved the greatest number of mortgages in two years during July, adding to signs the housing market has stabilised from its pre-Brexit slowdown, official data showed on Friday. The Bank of England said lenders approved 67,306 mortgages, up from 66,506 in June and more than any economist predicted in a Reuters poll that had pointed to 66,167 approvals for July. Britain's housing market has sagged since the 2016 Brexit referendum - especially i

HIGHLIGHTS-Draghi comments at ECB press conference

The European Central Bank kept policy unchanged as expected on Thursday, staying on track to end bond purchases this year and raise interest rates next autumn, even as protectionist moves around the globe drag on growth.

RPT-Subdued UK industrial output data caps glum Q1 for economy

LONDON, May 10 (Reuters) - British industrial output barely rose in March, confirming a glum first quarter for the economy that looks likely to scupper a Bank of England interest rate hike later on Thursday. The data, released along with figures for the construction industry and overseas trade, did nothing to alter the picture of an economy that has struggled for momentum in recent months. While heavy snow storms swept thr

UK retail sales suffer worst quarter in a year after March snow

British retail sales recorded their biggest quarterly fall in a year during the three months to March, after unusually cold and snowy weather kept shoppers at home. Retail sales volumes in March were 1.2 percent lower than the month before as a period of unseasonal snow and cold weather dubbed 'The Beast from the East' kept shoppers at home, a bigger fall than economists had expected in a Reuters poll. For the first quarter as a whole, sales volumes dropped b

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