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Friday, May 8, 2009

UK Deposits vs Lending- mixed bag!

Analysis of bank and building society deposits from and lending to UK residents: 1st Quarter 2009, shows us a mixed bag of sorts.

It really stuns with regard to trying to figure out what to make of it all.

Is the issue settling, or are we still not yet out of the clear?

Deposits are up and lending is up. Manufacturing is down and services, is still weak.

My guess is we are not quite there yet. Still yet, with a weaker pound, this may very well be a blip on the radar for when the pound comes into pressure from the dollar.
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