• vs 59.4k prev
  • net consumer credit Nov GBP+1.3bln vs +1.1bln exp/prev
  • net lending secured on dwellings GBP+2.1bln vs +1.4bln exp vs +1.6bln prev revised up from +1.5bln

That last equity release number should create some concern that households are getting themselves top heavy on debt still even if it is being used to purchase other properties/ goods/services.

  • M4 money supply mm Nov 0.0% vs -0.1% prev
  • yy -2.8% vs -2.6% prev
  • M4 ex IOFCs 3mth annualised +2.9% vs +2.8% exp vs +2.5% prev

GBPUSD back to 1.5501 after 1.5494 lows as traders bank a bit of profit on the lack of follow-through

UK mortgage approvals mm

UK mortgage approvals mm