U.K. Mortgage Approvals Drop as Brexit Fear Hits Housing Market

U.K. mortgage approvals dipped to a seven-month low in November and unsecured credit rose at its slowest annual pace for almost four years, the Bank of England said.

The figures reflect weakening consumer confidence as fears mount that Britain could crash out of the European Union without a deal. House prices rose the least since 2013 last year, Nationwide Building Society said in a separate report Friday.

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