Investing.com - Net lending to individuals in the U.K. more-than-expected in September, official data showed on Monday.
In a report, the Bank of England said total net lending to individuals rose to GBP1.7 billion in September from a decline of GBP0.3 billion in August.
Analysts had expected net lending to increase to GBP0.6 billion in September.
The report also showed that the number of final mortgage approvals rose to 50,000 in September from a revised 48,000 in August, above market expectations for a reading of 48,000.
Following the release of that data, the pound remained lower against the U.S. dollar, with GBP/USD shedding 0.26% to trade at 1.6063.
Meanwhile, European stock markets held on to losses. London’s FTSE 100 dipped 0.45%, the EURO STOXX 50 fell 0.65%, France’s CAC 40 declined 0.8%, while Germany's DAX slumped 0.5%.
In a report, the Bank of England said total net lending to individuals rose to GBP1.7 billion in September from a decline of GBP0.3 billion in August.
Analysts had expected net lending to increase to GBP0.6 billion in September.
The report also showed that the number of final mortgage approvals rose to 50,000 in September from a revised 48,000 in August, above market expectations for a reading of 48,000.
Following the release of that data, the pound remained lower against the U.S. dollar, with GBP/USD shedding 0.26% to trade at 1.6063.
Meanwhile, European stock markets held on to losses. London’s FTSE 100 dipped 0.45%, the EURO STOXX 50 fell 0.65%, France’s CAC 40 declined 0.8%, while Germany's DAX slumped 0.5%.