UK mortgage borrowing slows in July, though consumer borrowing continues to hold up

UK July mortgage approvals 56.05k vs 59.50k expected Prior 58.20k; revised to 58.21k UK July net consumer credit £2.0 billion vs £1.8 billion expected Prior £1.81 billion; revised to £1.86 billion Net mortgage approvals were seen falling in July to 56,100, and that is well below…