Investing.com - Net lending to individuals in the U.K. more-than-expected in January, official data showed on Wednesday.
In a report, the Bank of England said total net lending to individuals rose by GBP1.8 billion in January, above expectations for GBP0.8 billion.
Net lending to individuals for December was revised to GBP0.9 billion from a previously reported GBP0.4 billion.
Net consumer credit rose by GBP0.1 billion January, below expectations for a GBP0.2 billion increase.
The previous month’s figure was revised to a flat reading from a previous reported GBP0.4 billion decline in the preceding month.
The report also showed that the number of final mortgage approvals rose to 59,000 from a revised 55,000 in December, beating expectations of 54,000.
Following the release of that data, the pound remained higher against the U.S. dollar, with GBP/USD gaining 0.19% to trade at 1.5931.
Meanwhile, European stock markets were mixed. London’s FTSE 100 dipped 0.1%, the EURO STOXX 50 rose 0.5%, France’s CAC 40 added 0.3%, while Germany's DAX gained 0.6%.
In a report, the Bank of England said total net lending to individuals rose by GBP1.8 billion in January, above expectations for GBP0.8 billion.
Net lending to individuals for December was revised to GBP0.9 billion from a previously reported GBP0.4 billion.
Net consumer credit rose by GBP0.1 billion January, below expectations for a GBP0.2 billion increase.
The previous month’s figure was revised to a flat reading from a previous reported GBP0.4 billion decline in the preceding month.
The report also showed that the number of final mortgage approvals rose to 59,000 from a revised 55,000 in December, beating expectations of 54,000.
Following the release of that data, the pound remained higher against the U.S. dollar, with GBP/USD gaining 0.19% to trade at 1.5931.
Meanwhile, European stock markets were mixed. London’s FTSE 100 dipped 0.1%, the EURO STOXX 50 rose 0.5%, France’s CAC 40 added 0.3%, while Germany's DAX gained 0.6%.