UK mortgage and money supply data report out now 29 July

  • 66.7k prev revised down from 67.0k
  • net mortgage lending £3.3bln vs £2.7bln exp vs 2.9bln prev revised up from 2.8bln
  • net consumer credit £1.8bln vs 1.4bln exp vs 1.6bln prev revised up from 1.5bln
  • M4 money supply mm +1.1% vs +1.3% prev revised up +1.1%
  • yy +3.5% vs 1.8% prev

June data mostly pre-Brexit so largely irrelevant now but fastest yy M4 growth since 2010

Meanwhile GBPUSD 1.3186 with demand/support at 1.3170 holding so far with more demand into 1.3150. Offers between 1.3200-20.