Net Lending to Individuals increase by £3.8 billion

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Wednesday, Jul 29 2015

Total lending to individuals increased by £3.8 billion in June, compared to the average monthly increase of £3.0 billion over the previous six months. Analysts were expecting increase by £3.0 billion. The three-month annualised and twelve-month growth rates were 3.0% and 2.6% respectively.

Lending secured on dwellings increased by £2.6 billion in June, compared to the average monthly increase of £2.0 billion over the previous six months. The three-month annualised and twelve-month growth rates were 2.2% and 1.9% respectively. Gross lending secured on dwellings was £18.4 billion and repayments were £15.9 billion.

Sterling is currently being traded few points above 1.5610 level. Pair is likely to find support around 1.5550 level and resistance above 1.5660 area. Later today, in the US session, Pending Home Sales figures are scheduled for a release as well as Fed interest rate decision and the following statement.

More in this category: « German Consumer Sentiment unchanged in August Pending Home Sales fell 1.8% »

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