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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United KingdomUnited Kingdom Mortgage Approvals climbed to 58.2K in June 2026
FMPMonthlyReleased July 2026
United Kingdom Mortgage Approvals climbed to 58.2K in June 2026, released July 2026, up 1.63K from May's 56.57K reading. The reading matched the 57.1K consensus. The print is running well below the 12-month average of 63.05K. Over the past 3 months, Mortgage Approvals averaged 61.89K, vs 61.2K in the prior 3-month window. The reading is in the 7th percentile of the trailing 24-month range.
Latest Release
58.2
Actual
57.1
Consensus
56.57
Previous
Median Absolute Error
±1.78 thousand
across last 12 releases
Last Call
Jul 2026
Predicted: 56.49
Actual: 58.2
Error: -1.71
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| GBP/JPY | ▼ Inverse | −0.47 | FOREX | Moves against | → View |
| GBP/USD | ▼ Inverse | −0.47 | FOREX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.39 | COMMODITIES | Moves with | → View |
| EUR/GBP | ▲ Direct | +0.39 | FOREX | Moves with | → View |
| BTC/USD | ▼ Inverse | −0.34 | CRYPTO | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Mortgage Approvals (United Kingdom) was reported at 58 thousand in July 2026. This beat the market consensus of 57 thousand by 1 thousand. The reading rose from the previous value of 57 thousand. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 62 thousand, ranging from 56 thousand to 66 thousand across 10 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 60 thousand, down from the prior three at 61 thousand. Volatility over the past year (σ 3 thousand) is higher than the prior year (σ 2 thousand). In July readings over the past 3 years, Mortgage Approvals has averaged 59 thousand.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with GBP/JPY (Bearish GBP). A secondary relationship exists with GBP/USD, negatively correlated (Bearish GBP). Over the last 12 releases, the Sigmacast model's median absolute error is 2 thousand.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include CFTC GBP speculative net positions (Jul 31) and S&P Global Construction PMI (Aug 6).
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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Mortgage Approvals - UK
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About Mortgage Approvals — United Kingdom
DEFINITION
Mortgage approvals is a financial indicator that measures the number of mortgage applications that have been approved by lenders. This indicator is used to assess the health of the housing market and the overall economy, as it reflects the demand for home ownership and the availability of credit. A high number of mortgage approvals indicates a strong housing market and consumer confidence, while a low number may suggest a slowdown in the economy. This indicator is closely monitored by financial institutions, policymakers, and investors to make informed decisions about lending, investments, and economic policies.
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 (Jun 2026): actual 58.2 K, consensus 57.1 K. Prior reading (May 2026): 56.21 K. Before that (Apr 2026): 65.94 K.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with GBP/JPY (Bearish GBP, r=-0.47) — a useful reference for forex-focused traders.
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Economic Calendar - UK Events
| Thursday, July 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 11:00 | UK | BoE Interest Rate Decision | 3.75 | 3.75 | 3.75 | 3.75 | High |
| 11:00 | UK | BoE MPC Vote Cut | 9 | 9 | 9 | 9.00 | Medium |
| 11:00 | UK | Interest Rate Decision | 3.75 | 3.75 | 3.75 | 3.75 | High |
| 11:00 | UK | BoE MPC Vote Hike | 39 | 29 | 29 | 34.00 | Medium |
| 11:00 | UK | BoE MPC Vote Unchanged | 69 | 79 | 79 | 74.00 | Medium |
| Friday, July 31, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 06:00 | UK | Nationwide Housing Prices YoY | 1.8 | 2.2 | 1.9 | 2.07 | Medium |
| 06:00 | UK | Nationwide Housing Prices MoM | 0.1 | 0 | 0.1 | 0.28 | Medium |