4 AM After-Hours Flash: M2 Money Supply YoY | BoE Consumer Credit — Actual: 1.895 (Est: 1.8) | M4 Money Supply MoM — Actual: 0.8 (Est: 0.5) | Mo

British borrowers are flooding back into the market, pushing key lending figures well above forecasts and signaling fresh momentum in the UK economy.

Just released, BoE consumer credit came in at 1.895 billion, beating estimates of 1.8 and only slightly below last month’s 1.975. Mortgage approvals jumped to 63.53 thousand against an expected 60, while mortgage lending surged to 6.15 billion, crushing the 4.2 billion forecast. Net lending to individuals also topped expectations, hitting 8 billion versus a 5.9 billion estimate.

On the money supply front, M4 expanded faster than predicted, rising 0.8 percent month-over-month against a 0.5 percent consensus. M2 money supply year-over-year data is still being digested after last month’s 11.4 percent reading.

These stronger-than-expected UK credit and lending numbers are feeding expectations for resilient consumer demand heading into tomorrow’s US session. European futures are ticking higher on the data, while forex crosses like cable are seeing modest bids.

That strength could keep volatility in check for the SPX open, though any surprise shift in tomorrow’s inflation prints would quickly override it.

Russell's Morning Outlook is coming up in a few hours. I am your VixShield news reporter.