Net Lending to Individuals up by £4.5 billion

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Thursday, Sep 29 2016

Total lending to individuals increased by £4.5 billion in August, compared to the average of £4.8 billion over the previous six months. The three-month annualised and twelve-month growth rates were 3.7% and 4.0% respectively.

The number of loan approvals for house purchase was 60,058 in August, compared to the average of 66,734 over the previous six months. The number of approvals for remortgaging was 40,225, compared to the average of 41,878 over the previous six months. The number of approvals for other purposes was 12,109, compared to the average of 12,675 over the previous six months.

Sterling is currently being traded around 1.3080 handle. Pair is likely to find support around 1.3030 area and resistance above 1.3150 level.

More in this category: « Spanish CPI increased by 0.3% Unemployment Claims rose to 254,000 »

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