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U.K. net lending to individuals rises less-than-expected

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Forex Pros - Net lending to individuals in the U.K. rose less-than-expected in March, official data showed on Wednesday.

In a report, the Bank of England said net lending to individuals rose by GBP0.5 billion in March, down from GBP1.7 billion in February, whose figure was revised down from GBP2.0 billion.

Analysts had expected net lending to rise by GBP1.8 billion in March.

The report also showed that the number of final mortgage approvals rose unexpectedly in March, climbing to 48K, compared to 44K in February. Analysts had expected final mortgage approvals to hold steady at 44K in March.

Following the release of that data, the pound was down against the U.S. dollar, with GBP/USD easing down 0.06% to hit 1.6475.

Meanwhile, European stock markets were mixed. The FTSE 100 dipped 0.15%, the EURO STOXX 50 added 0.1%, France's CAC 40 climbed 0.32%, while Germany's DAX advanced 0.42%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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