The United Kingdom posted four reports this week

The pair will bounce back from a major support line, sending the pair higher towards the nearest resistance line. The United Kingdom posted four (4) reports this week and all of them showed positive data. Consumer credit hit its lowest figure since the March report at -$0.086 billion. Aside from that, the net lending to individuals picked up on Wednesday’s report, July 29. The figure was recorded at $1.8 billion from -$3.4 billion in the month prior. When it comes to mortgage, more people are being approved for the month of June, which indicates that the economic activity in Britain is starting to recover. On the other hand, despite the positive data for Australia’s services and manufacturing industry, the credit businesses are still lagging. Private Sector Credit MoM posted a 0.3% decline in today’s report. Australia’s import and export reports also recorded negative figure growth for the second quarter of the year at -1.9% and -2.4%, respectively.