U.K. Net Lending To Individuals Rises More-than-expected

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Forexpros – Net lending to individuals in the U.K. rose slightly more-than-expected in November, official data showed on Wednesday.

In a report, the Bank of England said net lending to individuals rose by GBP1.0 billion in November, slightly above expectations for GBP0.9 billion. Net lending to individuals for October rose by an unrevised GBP1.3 billion.

Net consumer credit rose by GBP0.4 billion November, above expectations for a GBP0.3 billion increase, after rising by GBP0.1 billion in the preceding month.

The report also showed that the number of final mortgage approvals was unchanged in line with expectations in November, holding steady 53,000.

Following the release of that data, the pound remained modestly lower against the U.S. dollar, with GBP/USD easing down 0.06% to trade at 1.5640.

Meanwhile, European stock markets were mixed. The FTSE 100 added 0.35%, the EURO STOXX 50 fell 0.65%, France’s CAC 40 shed 0.25%, while Germany’s DAX declined 0.3%.

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