Shutterstock photo
Markets

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

Shutterstock photo

Shutterstock photo

Investing.com - Net lending to individuals in the U.K. rose more-than-expected in February, official data showed on Tuesday.

In a report, the Bank of England said total net lending to individuals rose to GBP1.5 billion in February from a revised GBP0.8 billion in January.

Analysts had expected net lending to increase to GBP0.9 billion in February.

The report also showed that the number of final mortgage approvals fell to 52,000 in February from 54,000 in January.

Following the release of the data, the pound held on to losses against the U.S. dollar, with GBP/USD dipping 0.1% to trade at 1.5221.

Meanwhile, European stock markets remained higher. The EURO STOXX 50 rose 0.4%, France's CAC 40 gained 0.5%, London's FTSE 100 climbed 0.7%, while Germany's DAX advanced 0.6%.

Investing.com - Investing.com offers an extensive set of professional tools for the Forex, Commodities, Futures and the Stock Market including real-time data streaming, a comprehensive economic calendar, as well as financial news and technical & fundamental analysis by in-house experts.

Read more News on Investing.com or Follow us on Twitter at @ Newsinvesting

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


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

Other Topics

ForEx