Net Lending to Individuals increased by £4.8 billion

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Monday, Nov 30 2015

Total lending to individuals increased by £4.8 billion in October, compared to the average monthly increase of £4.1 billion over the previous six months. The three-month annualised and twelve-month growth rates were 4.0% and 3.1% respectively. Lending secured on dwellings increased by £3.6 billion in October, compared to the average monthly increase of £2.8 billion over the previous six months.

The number of loan approvals for house purchase was 69,630 in October, compared to the average of 68,099 over the previous six months. The number of approvals for remortgaging was 39,629, compared to the average of 38,430 over the previous six months. The number of approvals for other purposes was 12,178, compared to the average of 11,297 over the previous six months.

Sterling is currently being traded around 1.5010 area. Pair is likely to find support around 1.50 handle and resistance above 1.5050 level. Later today, in the US session, Chicago PMI and Pending Home Ssles are scheduled for a release.

More in this category: « German Retail Sales down by 0.4% Chicago PMI fell to 48.7 points in October »

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