Economic Buzz: UK Mortgage Approvals Dipped Marginally In April

UK mortgage approvals for house purchases totaled 62,455 versus 62,802 in March, the Bank of England reported Thursday. The expected level was 63,500. Net lending for consumer credit was GBP 1.8 billion in April versus GBP 0.4 billion in the previous month and forecast of GBP 1.3 billion. At the same time, secured lending increased GBP 3.9 billion, in line with expectations.