Analytical Reviews

Get the latest economic news from ForexMart, including updates on the financial market, central bank policy announcements, financial indicators, and other relevant news which can impact the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

UK Consumer Lending Growth Slipped, says BOE


August, 31 2018
watermark Economic news

According to reports of the Bank of England, the new credit lines for July reaches £0.817BN, which is lower compared to £1.521BN in June, and the figures came in well below the economist’s forecasts of £1.50BN. While the net lending to individuals declined to £4.0BN last month and lower than £5.4BN in June and analysts prospect of £5.5BN. The data indicate that British consumers mainly rely on low-cost credit lines to sustain the retail economy, becoming to be more discreet.


The stagnant wage growth in the UK hinted at the possible decrease of rates in retail sales as well as economic performance in the following months. In addition to the BOE report, the mortgage approvals in the previous month came in at 64.77K, which is down to 65.00K forecasts and June’s 65.37K. On one hand, the value of new mortgage lending amounted to  £3.20BN for the month of July but down to £2.85BN reported in June and the expected £3.90BN.


コメントする

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.