Investing.com - Net lending to individuals in the U.K. fell more-than-expected in March, official data showed on Tuesday.
In a report, the Bank of England said total net lending to individuals fell to GBP0.9 billion in March from GBP1.5 billion in February.
Analysts had expected net lending to decrease to GBP1.3 billion in March.
The report also showed that the number of final mortgage approvals rose to 54,000 in March from 52,000 in February.
Following the release of the data, the pound was little changed against the U.S. dollar, with GBP/USD easing down 0.02% to trade at 1.5499.
Meanwhile, European stock markets remained mixed. The EURO STOXX 50 rose 0.1%, France’s CAC 40 shed 0.2%, London’s FTSE 100 was flat, while Germany's DAX advanced 0.6%.
In a report, the Bank of England said total net lending to individuals fell to GBP0.9 billion in March from GBP1.5 billion in February.
Analysts had expected net lending to decrease to GBP1.3 billion in March.
The report also showed that the number of final mortgage approvals rose to 54,000 in March from 52,000 in February.
Following the release of the data, the pound was little changed against the U.S. dollar, with GBP/USD easing down 0.02% to trade at 1.5499.
Meanwhile, European stock markets remained mixed. The EURO STOXX 50 rose 0.1%, France’s CAC 40 shed 0.2%, London’s FTSE 100 was flat, while Germany's DAX advanced 0.6%.