Investing.com – Net lending to individuals in the U.K. rose less-than-expected in July, official data showed on Tuesday.
In a report, the Bank of England said net lending to individuals rose by GBP0.9 billion in July, after rising by GBP0.4 billion in June.
Analysts had expected net lending to rise by GBP1.1 billion in July.
Net consumer credit rose by GBP0.2 billion, disappointing expectations for a GBP0.4 billion gain.
The report showed that the number of final mortgage approvals rose in line with expectations in July, climbing to 49K from 48K in April.
Following the release of the data, the pound declined against the U.S. dollar, with GBP/USD shedding 0.44% to trade at 1.6334.
Meanwhile, European stock markets were mixed. The FTSE 100 surged 2.45%, the EURO STOXX 50 edged 0.25% higher, France’s CAC 40 gained 0.45%, while Germany's DAX eased down 0.15%.
In a report, the Bank of England said net lending to individuals rose by GBP0.9 billion in July, after rising by GBP0.4 billion in June.
Analysts had expected net lending to rise by GBP1.1 billion in July.
Net consumer credit rose by GBP0.2 billion, disappointing expectations for a GBP0.4 billion gain.
The report showed that the number of final mortgage approvals rose in line with expectations in July, climbing to 49K from 48K in April.
Following the release of the data, the pound declined against the U.S. dollar, with GBP/USD shedding 0.44% to trade at 1.6334.
Meanwhile, European stock markets were mixed. The FTSE 100 surged 2.45%, the EURO STOXX 50 edged 0.25% higher, France’s CAC 40 gained 0.45%, while Germany's DAX eased down 0.15%.