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U.K. April Mortgage Approvals Fall to Lowest in Four Months

U.K. mortgage approvals fell in April to the lowest in four months as rising jobless claims undermined consumer confidence and an extra public holiday for the royal wedding slowed house purchases.

Lenders granted 45,166 loans to buy homes, compared with a revised 47,145 the previous month, the Bank of England said today in London. The April figure is the lowest since December. Economists forecast a decline to 47,000 from an initially reported 47,557 in March, based on the median of 18 economists in Bloomberg News survey.