BOE survey shows lenders expect to tighten supply of unsecured consumer credit

Latest Bank of England lending survey report now out 13 April.

• lenders report weaker business investment exerted significant drag on demand for corp lending in Q1
• 18.8% of lenders surveyed expect to tighten supply of unsecured consumer credit, largest share since Q4 2008

Are you listening Carney & Co ?

Consumer credit leads to household debt. Turning off the taps leads to defaults. Throw into the mix any lack of wage rises to keep pace with inflation and the warning signs are there again as I have been expressing concerns about now for a while.

Did we learn nothing from the last financial meltdown ?

GBPUSD understandably down to 1.2540. Rinse n repeat.