“Consumer credit increased at a seasonally adjusted annual rate of 4 percent during the second quarter. Revolving credit increased at an annual rate of 7.1 percent, while nonrevolving credit increased at an annual rate of 3 percent. In June, consumer credit increased at an annual rate of 4.3 percent”,the Federal Reserve informed on Monday.
Total consumer credit rose by $17.85 billion from $4,979.2 billion to $4,997.1 billion in June, surpassing market expectations of a $13 billion increase.
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GBP/USD turns positive around 1.3370
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