24.06.2014 - Credit market in Great Britain is growing steadily
In the UK, has been an increase in demand for loans among companies of all sizes. Thus, according to the report of the Bank of England on lending, the loan market will continue to grow over the next three months and showed significant growth in demand in the second quarter. At the same time, the volume of loans remained at the level of the previous quarter, but in the 3rd quarter lenders plan to increase the amount of available funds.
The greatest interest is paid to loans for the financing of mergers and acquisitions, as well as for the purchase of commercial real estate.
Today, the focus will be on the speech of the head of Bank of England Mark Carney at the parliamentary session on inflation. In his speech, the head of the Bank may specify a time of rising interest rates. We keep positive outlook for the British pound in the medium term growth objectives 1,71-1,73.
Wish you the profits!
FXFINPRO Capital Analytical department.