|Low||£1.224 B||£6.927 B||
Bank of England Mortgage Lending m/m reflects a change in the net amount of current home-secured loans in the given month compared to the previous one.
The BoE collects information on home secured loans on a monthly basis. Three main types of lenders provide mortgages and submit related reports to the Bank of England and other government agencies.
The net volume of current outstanding mortgage loans is the gross lending flow in the current month, net of the loan repayment.
Mortgage lending growth is an indication of housing market expansion and banking sector activity factor. The growth is generally favorable for the national economy. Therefore the indicator growth may have a positive effect on the British pound quotes.
The chart of the entire available history of the "Bank of England (BoE) Mortgage Lending m/m" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.
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