BoE Credit Conditions & Bank Liabilities Surveys for Q1 now published

  • largest drop since records began
  • lenders expect broadly unchanged availability over next 3 months
  • see rebound for demand in mortgage lending for next 3 months, supply to remain steady

UK lenders seemingly a little concerned about the thirst for unsecured lending, and the impact of defaults on their bottom line.

A mixed message but, without being myopic, not brilliant news for UK economy

Full report here

GBPUSD a tad lower at 1.4174 and EURGBP pushes up to 0.8723