Walking into the Tuesday session, we start off with UK mortgage data in the morning. Expectations looks like mortgage approvals are on a slight down trend in October if we compare to its previous figures of September.
With the UK Autumn Budget being released tomorrow, we can suspect that people are holding off their mortgage decisions until we have a clearer outlook of the government’s path of moving forward. It’s not only forecasted to see less mortgage approvals but net lending to individuals is also expected to come down in October, seeing consecutive increases month-by-month since July up to September.
