Investing.com – Net lending to individuals in the U.K. rose more-than-expected in October, official data showed on Monday.
In a report, the Bank of England said net lending to individuals increased by GBP 1.3 billion in October, up from GBP 0.2 billion in September, whose figure was revised down from GBP 0.4 billion.
Analysts had expected net lending to rise by GBP 0.8 billion in October.
The report also showed that the number of final mortgage approvals rose in line with expectations to 47K in October, up from 44K in September.
Following the release of that data, the pound was up against the U.S. dollar, with GBP/USD gaining 0.15% to hit 1.5615.
Meanwhile, European stock markets were broadly higher: The FTSE 100 jumped 0.87%, the EURO STOXX 50 rallied 0.88%, France’s CAC 40 added 0.78%, and Germany's DAX was up 0.36%.
In a report, the Bank of England said net lending to individuals increased by GBP 1.3 billion in October, up from GBP 0.2 billion in September, whose figure was revised down from GBP 0.4 billion.
Analysts had expected net lending to rise by GBP 0.8 billion in October.
The report also showed that the number of final mortgage approvals rose in line with expectations to 47K in October, up from 44K in September.
Following the release of that data, the pound was up against the U.S. dollar, with GBP/USD gaining 0.15% to hit 1.5615.
Meanwhile, European stock markets were broadly higher: The FTSE 100 jumped 0.87%, the EURO STOXX 50 rallied 0.88%, France’s CAC 40 added 0.78%, and Germany's DAX was up 0.36%.