December 2017 UK mortgage approvals and consumer credit data 30 January 2018
- Prior 65,139. Revised to 64,712
- Total mortgage lending 3.683bn vs 3.450bn exp. Prior 3.499bn. Revised to 3.736bn
- BOE consumer credit 1.520bn vs 1.300bn exp. Prior 1.400bn. Revised to 1.497bn
- Of which credit card lending 429m vs 606m prior
- Lending to non-financials -0.954bn vs -1.1849bn prior
- Of which SME’s -422m vs -35m prior. Revised to -11m
- M4 money supply -0.6% vs 0.1% prior m/m
- 3.7% vs 3.7% prior y/y
- M4 ex-financials 4.7% vs 3.4% 3m ann
A jump in consumer borrowing may look troublesome but it’s not being put on the plastic, which suggests that it’s not for short-term moeny coverage. The SME lending numbers can be a bit volatile but that’s a poor read there. The time of year may be a factor in both of the above.
Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”
Read how Ryan got into trading here
Philosophy: “Don’t be a Dick for a tick”
Read how Ryan got into trading here
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