U.K. bonds drop on mortgage approval data

Source: Bloomberg
© Scanpix/Reuters
U.K. bonds decreased after data showing mortgage approvals rose in June, adding evidence that the U.K. Economy is recovering. Mortgage approvals climbed from 36,290 to 37,278 in June. Yield on 10-year bonds added five basis points to 2.32% s of 3:48 p.m. in London. The Sterling was up 0.1% to $1.5373. Versus the common currency, the Pound declined 0.2% to 86.03.

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