The latest Bank of England Credit Conditions Review now published
- lenders say plan to expand secured and unsecured lending to households at fastest rate since Q3 2014.
- plan to expand lending to businesses at slowest rate since Q1 2012
Oh dear.Reasons to be afraid not cheerful methinks.
Full CCR here
Also out is the latest Credit Conditions Survey covering Q1 2016 conducted between 22 Feb-11 March.
"As part of its mission to maintain monetary stability and financial stability, the Bank needs to understand trends and developments in credit conditions. This quarterly survey of bank and building society lenders is an input to this work. Lenders are asked about the past three months and the coming three months. The survey covers secured and unsecured lending to households; and lending to non-financial corporations, small businesses, and to non-bank financial firms. Along with various data sources and discussions between the major UK lenders and Bank staff, this survey serves as an input into the quarterly Credit Conditions Review publication which presents the Bank of England's assessment of the latest developments in bank funding, and household and corporate credit conditions"
Full results here
Meanwhile GBPUSD still on the back foot testing support into 1.4200 while EURGBP looks underpinned below 0.7970.
