Investing.com – Net lending to individuals in the U.K. rose slightly more-than-expected in April, official data showed on Wednesday.
In a report, the Bank of England said net lending to individuals rose by GBP1.2 billion in April, up from GBP1.1 billion in March, whose figure was upwardly revised GBP0.5 billion.
Analysts had expected net lending to rise by GBP1.1 billion in April.
The report showed that the number of final mortgage approvals declined unexpectedly in April, falling to 45K from 47K in March, whose figure was revised down from 48K. Analysts had expected final mortgage approvals to hold increase to 48K in April.
Following the release of the data, the pound was down against the U.S. dollar, with GBP/USD shedding 0.24% to hit 1.6409.
Meanwhile, European stock markets were down. The FTSE 100 fell 0.25%, the EURO STOXX 50 slipped 0.3%, France’s CAC 40 dipped 0.25%, while Germany's DAX was down 0.28%.
In a report, the Bank of England said net lending to individuals rose by GBP1.2 billion in April, up from GBP1.1 billion in March, whose figure was upwardly revised GBP0.5 billion.
Analysts had expected net lending to rise by GBP1.1 billion in April.
The report showed that the number of final mortgage approvals declined unexpectedly in April, falling to 45K from 47K in March, whose figure was revised down from 48K. Analysts had expected final mortgage approvals to hold increase to 48K in April.
Following the release of the data, the pound was down against the U.S. dollar, with GBP/USD shedding 0.24% to hit 1.6409.
Meanwhile, European stock markets were down. The FTSE 100 fell 0.25%, the EURO STOXX 50 slipped 0.3%, France’s CAC 40 dipped 0.25%, while Germany's DAX was down 0.28%.