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UK mortgage approvals unexpectedly fall in May

Published Mon, Jun 29, 2015 · 09:50 PM
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London

UK mortgage approvals unexpectedly fell in May following a surge in April to their highest level in more than a year.

Approvals dropped to 64,434 from a downwardly revised 67,580, the Bank of England (BOE) said in London on Monday. Economists had forecast a figure of 68,800, according to a Bloomberg survey.

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