The pound lost half a cent to both the euro and the US dollar on Tuesday before recovering slightly in the evening session.
Borrowing statistics out yesterday should not be lost amid the interest rate clamour. Most metrics of consumer lending tightened in the UK last month, as banks and households proved reluctant to open new lines of credit. Mortgage approvals were the notable exception, along with an increase in the net number of approvals for mortgage refinancing.
GBP/USD: the past year
From To
