Latest data released by the Bank of England - 29 March 2018
- Prior 67.5k; revised to 67.1k
- Net consumer credit £1.6 bn vs £1.4 bn expected
- Prior £1.4 bn; revised to £1.3 bn
- Net lending secured on dwellings £3.7 bn vs £3.4 bn prior
- M4 money supply m/m -0.3% vs +1.5% prior
- M4 money supply y/y +4.1% vs +4.3% prior
- M4 ex IOFCs annualised +3.3% vs +5.5% prior
- Q4 current account balance -£18.4 bn vs -£24.0 bn expected
- Prior -£22.8 bn; revised to -£19.2 bn
Slightly higher credit issued to consumers, though broad money declined. A mixed report, but one that doesn't matter all too much - yet. Nothing to change the BOE's thinking ahead of the May meeting.
GBP/USD steady at 1.4050, EUR/GBP at 0.8760, GBP/JPY at 149.70. All pairs holding steady as no surprises on the GDP data as well.
