Investing.com – Net lending to individuals in the U.K. declined unexpectedly in December, official data showed on Tuesday.
In a report, the Bank of England said net lending to individuals fell by GBP0.1 billion in December, down from GBP0.4 billion in November, whose figure was revised down from GBP0.7 billion.
Analysts had expected net lending to rise by GBP0.6 billion in December.
The report also showed that the number of final mortgage approvals rose less-than-expected in December, climbing to 43K, up from 40K in November. Analysts had expected final mortgage approvals to rise to 47K.
Following the release of that data, the pound was up against the U.S. dollar, with GBP/USD jumping 0.78% to hit a three-month high of 1.6129.
Meanwhile, European stock markets were higher: The FTSE 100 gained 0.31%, the EURO STOXX 50 climbed 0.38%, France’s CAC 40 rose 0.37%, and Germany's DAX was up 0.54%.
In a report, the Bank of England said net lending to individuals fell by GBP0.1 billion in December, down from GBP0.4 billion in November, whose figure was revised down from GBP0.7 billion.
Analysts had expected net lending to rise by GBP0.6 billion in December.
The report also showed that the number of final mortgage approvals rose less-than-expected in December, climbing to 43K, up from 40K in November. Analysts had expected final mortgage approvals to rise to 47K.
Following the release of that data, the pound was up against the U.S. dollar, with GBP/USD jumping 0.78% to hit a three-month high of 1.6129.
Meanwhile, European stock markets were higher: The FTSE 100 gained 0.31%, the EURO STOXX 50 climbed 0.38%, France’s CAC 40 rose 0.37%, and Germany's DAX was up 0.54%.