(RTTNews) - The number of loans approved for house purchases in the U.K. in June decreased to 47,643 from 49,461 in May, the Bank of England reported Thursday. The latest level was well below the previous six-month average of 50,036 and the expected 48,800.

As bank lending in the U.K. is expected to weaken in June, the data is likely to reinforce a weakened outlook for future growth, which could spur a reversal in the British Pound as investors weigh the prospects for a sustainable recovery.

LONDON, June 29 (Reuters) - British mortgage approvals were unexpectedly flat on the month in May, though both net mortgage lending and consumer credit grew faster than expected, Bank of England figures showed on Tuesday. The Bank of England said mortgage approvals numbered 49,815 in May, down fractionally from 49,828 in April and well below the 51,000 that economists polled by Reuters had ...

Mortgage approvals were unexpectedly flat on the month in May, though both net mortgage lending and consumer credit grew faster than expected, Bank of England figures showed on Tuesday.

LONDON (MarketWatch) -- British lenders approved 49,815 mortgages for house purchases in May, little changed from 49,828 in April, the Bank of England reported Tuesday. Total net lending to individuals rose by 1.5 billion pounds ($2.3 billion), for an annual growth rate of 0.9% versus 0.8% in April. The three-month annualized growth rate was 0.8% in May, down from 1% in April. Consumer credit ...