Investing.com – Net lending to individuals in the U.K. rose more-than-expected in February, official data showed on Tuesday.
In a report, the Bank of England said net lending to individuals rose by GBP2.0 billion in February, up from GBP1.6 billion in January, whose figure was revised up from GBP1.5 billion.
Analysts had expected net lending to rise by GBP1.2 billion in February.
The report also showed that the number of final mortgage approvals rose in line with expectations in February, climbing to 47K, up from 43K in January.
Following the release of that data, the pound was up against the U.S. dollar, with GBP/USD rising 0.26% to hit 1.6033.
Meanwhile, European stock markets were down. The FTSE 100 dipped 0.03%, the EURO STOXX 50 declined 0.35%, France’s CAC 40 slumped 0.2%, and Germany's DAX fell 0.3%.
In a report, the Bank of England said net lending to individuals rose by GBP2.0 billion in February, up from GBP1.6 billion in January, whose figure was revised up from GBP1.5 billion.
Analysts had expected net lending to rise by GBP1.2 billion in February.
The report also showed that the number of final mortgage approvals rose in line with expectations in February, climbing to 47K, up from 43K in January.
Following the release of that data, the pound was up against the U.S. dollar, with GBP/USD rising 0.26% to hit 1.6033.
Meanwhile, European stock markets were down. The FTSE 100 dipped 0.03%, the EURO STOXX 50 declined 0.35%, France’s CAC 40 slumped 0.2%, and Germany's DAX fell 0.3%.