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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United KingdomUnited Kingdom BBA Mortgage Approval held to 37.3K in July 2013
FMPMonthlyReleased July 2013
United Kingdom BBA Mortgage Approval held to 37.3K in July 2013. The reading matched the 38.5K consensus.
Latest Release
37.3
Actual
38.5
Consensus
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| GBP/USD | ▲ Direct | +0.50 | FOREX | Bullish GBP | → View |
| EUR/GBP | ▼ Inverse | −0.45 | FOREX | Bearish EUR | → View |
| GBP/JPY | ▲ Direct | +0.40 | FOREX | Bullish GBP | → View |
| FTSE 100 | ▲ Direct | +0.35 | INDEX | Bullish UK | → View |
| XAU/USD | ▼ Inverse | −0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
BBA Mortgage Approval (United Kingdom) was reported at 37 thousand in July 2013. This missed the market consensus of 39 thousand by 1 thousand. This is classified as a medium-impact indicator released on a monthly basis.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with GBP/USD (Bullish GBP). A secondary relationship exists with EUR/GBP, negatively correlated (Bearish EUR).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include S&P Global Construction PMI (Jul 6) and Halifax House Price Index MoM (Jul 7).
Auto-generated from current model state · Refreshes on each release · Last update July 2013.
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BBA Mortgage Approval - UK
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About BBA Mortgage Approval — United Kingdom
DEFINITION
BBA Mortgage Approval is a widely recognized financial indicator that measures the number of mortgage applications approved by the British Bankers' Association (BBA) in a given period. This indicator provides valuable insights into the current state of the housing market and the overall health of the economy, as mortgage approvals are a key indicator of consumer confidence and spending. Investors and analysts often use BBA Mortgage Approval data to make informed decisions about the housing and financial markets.
WHY THIS INDICATOR MATTERS
Housing data leads broader economic cycles by several months and is highly rate-sensitive, with knock-on effects to construction, materials, and consumer credit. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2013): actual 37.3 K, consensus 38.5 K.
WHAT'S NEXT
This indicator correlates most strongly with GBP/USD (Bullish GBP, r=0.50) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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