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Pound Stays Higher Against Euro After Mortgage Approvals Climb

Oct. 23 (Bloomberg) -- The pound stayed higher against the euro after a report showed mortgage approvals rose to a five-month high in September.

Britain’s currency appreciated 0.2 percent to 81.40 pence per euro at 9:32 a.m. London time and was little changed at $1.6009.

Mortgage approvals rose to 31,175 last month from 30,683 in August, the British Bankers Association said in an e-mailed statement today.

To contact the reporter on this story: Emma Charlton in London at echarlton1@bloomberg.net

To contact the editor responsible for this story: Paul Dobson at pdobson2@bloomberg.net

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