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UK: Mortgage Approvals fall to 54.719K in January

UK Mortgage Approvals decreased to 54.719K in January, from 55.632K registered the previous month, according to the BoE report published today. Analysts expected a rise to 56.500K.

Consumer Credit dropped to £0.4B in January from £0.9B in December and above market consensus of declining to £0.2B.

Net Lending to Individuals decreased to £0.6B in comparison with £1.7B and below analysts´ expectations of a drop to £1.1B.

UK: PMI Manufacturing at 47.9 in February

UK PMI Manufacturing dropped to 47.9 points in February, from 51.0 points in January, according to data released today by Markit. Analysts expected the indicator to remain in expansion territory at 50.5 points.
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Forex: GBP/USD collapses to session lows on weak UK data

The GBP/USD has careened over 100 pips in recent minutes off the 1.5170 handle following the release of weak economic data in the United Kingdom. The move triggered a fall below calculated support, establishing fresh lows at 1.5054. At this juncture, the pair has incurred a loss of -0.66% off its opening.
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