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BBA Mortgage Approvals

The British Bankers' Association (BBA) Mortgage Approvals measures the number of home loans issued by the BBA during the previous month. A rising trend has a positive effect on the nation's currency because large purchases tend to be made by consumers that are optimistic and confident in their financial position. Additionally, consumer borrowing has a high degree of historical correlation with consumer spending, which is a major driver of the overall economy.

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