UK net personal lending increases more than expected last month Investing.com – UK net personal lending increased more than expected in March, official data showed on Thursday. In a report, the Bank of England said total net lending to individuals rose by $ 2.9 billion in March, compared to forecast net lending of $ 2.5 billion and $ 2.1 billion. ₤ in February. Net guaranteed loans rose 1.8 billion, above expectations of an increase of 1,7 1.7 billion, after increasing ₤ 1.6 billion in February. Net consumer credit, including personal loans, overdrafts and credit card loans, increased by 1.1 billion euros, compared to 0.6 billion the previous month. Meanwhile, the M4 money supply fell 2.3% in March, after rising 0.7% in February. Analysts expected an increase of 0.9%. The report also showed that the number of final mortgage approvals fell to 67,000 in March, from 70,000 in February. Economists expected mortgage approvals to hit 71,000. Following the data release, the pound added to the gains against the US dollar, rising 0.2% to trade at 1.6906 , compared to 1.6888 ahead of the data. Meanwhile, London rose 0.4%. Disclaimer: Fusion Media would like to remind you that the data contained on this website is not necessarily accurate or real time. All CFDs (stocks, indices, futures) and Forex prices are not provided by exchanges but rather by market makers, so prices may not be precise and may differ from the actual market price. , which means that the prices are indicative and not suitable for trading purposes. Therefore, Fusion Media assumes no responsibility for any business loss you may suffer as a result of the use of such data. Fusion Media or any person involved with Fusion Media will not accept any liability for any loss or damage resulting from the use of such data. reliance on the information, including data, quotes, charts and buy / sell signals contained on this website. Be fully informed of the risks and costs associated with trading in the financial markets, it is one of the riskiest forms of investing possible.
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