Market Leader informed
Today, on Nov 29th 2010 at 9.30GMT Great Britain released the data on Net Lending to Individuals in October 2010.
Previous value: 0.4B Forecast: 0.8B
Net Lending to Individuals is the total sum allocated for lending to individuals. The provided data serve as info basis for calculating 2 other indicators: consumer spending and consumer confidence.
An increase in the volume of private lending is an indirect proof of the borrowers’ current financial stability, and whish is also important, with satisfactory guarantees of preserving the situation in the near future.
As a rule the indicator has a medium degree of impact on the currency market. When the data come out positive it is advised to stick to long positions when trading GBP.
The data are published approximately in a month after the reporting period.
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