Thursday, March 29, 2007

Forex News: 29.03.2007 Consumer credit in Great Britain was below expectations in February

The index of consumer credit in Great Britain rose in February by 0.919bln stg, the Bank of England reported today. In the preceding month consumer credit grew by 1.022bln stg (revised from 1.063bln).

It is important to note that the index achieved its minimum since September 2006, while the analysts estimated 1.0bln increase.

The volume of mortgage lending was 119K in February, unchanged from the preceding month. The Bank of England reported earlier that the volume of mortgage lending was 120K.


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