Investing.com – Net lending to individuals in the U.K. rose more-than-expected in August, official data showed on Wednesday.
In a report, the Bank of England said net lending to individuals increased by GBP 1.5 billion in August, up from GBP 0.2 billion in July, whose figure was revised down from GBP 0.3 billion.
Analysts had expected net lending to rise by GBP 0.4 billion in August.
The report also showed that the number of final mortgage approvals rose in line with expectations to 47K in August, up from 45K in July.
Following the release of the data, the pound was up against the U.S. dollar, with GBP/USD gaining 0.10% to hit 1.5818.
In a report, the Bank of England said net lending to individuals increased by GBP 1.5 billion in August, up from GBP 0.2 billion in July, whose figure was revised down from GBP 0.3 billion.
Analysts had expected net lending to rise by GBP 0.4 billion in August.
The report also showed that the number of final mortgage approvals rose in line with expectations to 47K in August, up from 45K in July.
Following the release of the data, the pound was up against the U.S. dollar, with GBP/USD gaining 0.10% to hit 1.5818.