- mortgage availability gauge slides to lowest since 2008
- Q3 demand for mortgages “decreased significantly”
- unsecured credit to households increased
- demand for credit card lending increased
- credit availability to businesses unchanged in Q3. Expected to remain so in Q4
BOE latest credit conditions survey conducted between 13 August and 8 September
Seems like the tougher mortgage application measures really did have/are having an impact and the lack of lending/increased demand to/from business sector still notable. Increases in unsecured lending to households and increased credit card demand continues to tell us that this is not a sustainable recovery imho if just based on spending
GBPUSD still 1.6083
Full report here
