UK lending data now out 1 Mar
- 61.0k prev revised down from 61.7k
- net lending secured on dwellings GBP 3.4bln vs 3.6bln exp vs 3.5bln prev
- net consumer credit GBP 1.4bln as exp vs 1.6bln prev rev up from 1.5bln
- M4 money supply mm 1.5% vs -0.6% prev
- yy 4.3% vs 3.8% prev
- M4 ex IOFCs 5.5% vs 4.5% prev rev down from 4.7%a
A bit more money swashing around fo BOE to tighten up at some point but not any time soon.
GBPUSD 1.3757 still making its mind up in a 40-70 range. EURGBP still underpinned but on session lows.
