Pound Stays Higher Against Euro After Mortgage Approvals Climb

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.