The data on gross mortgage approvals are due at 11:30 (GMT+2). The indicator is expected to decline to 39.0K in December from 39.4K a month earlier. The U.K. Finance Mortgage Approvals, previously reported by the British Bankers' Association, reports the number of new mortgages approved by high street banks during the prior month. It is an important indicator of both the real estate market and the economy as a whole. The growth of the index indicates the confidence of the population in the country's economy and positively affects the national currency. The decrease in the index has a negative impact on the exchange rate of the national currency.