UK mortgage approvals pick up in December, consumer credit slows

British mortgage approvals rose in December for the first time since June, the Bank of England said on Friday, suggesting that a steady slowdown in the number of loans for home purchases could be bottoming out. Data from the BoE also showed a sharp slowdown in December in borrowing by British consumers whose spending has driven the country's economic recovery. The BoE said mortgage approvals for …

Here is the original:
UK mortgage approvals pick up in December, consumer credit slows