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Mortgage Approvals
This indicator estimates the total cumulative number of newly agreed bank loans for the purchase of residential real estate by households in absolute terms for the reporting period. The growth of the indicator values shows some improvement of the economic situation in the country.
In this article, we will talk about the economic calendar and determine what is better to rely on when making a decision to open deals: forecasts or previous values of indicators.
Previous studies trading on rollbacks have shown the usefulness of such a strategy for a number of economic events in the US, Australia and the Eurozone. Now let's see if trading on rollbacks is suitable for UK events.
