Mixed data from UK and US

Economic data on Monday were mixed.

In the UK, the Confederation of British Industry distributive trades survey's sales balance rose to 17 in July from 1 in June.

Data from the Bank of England showed that lending to small and medium-sized firms grew at its fastest pace on record in June. However, overall lending to non-financial businesses shrank by a net 1.3 billion pounds.

Consumer credit rose by a net 489 million pounds in June, the smallest rise since January.

Mortgage approvals fell to 57,667 from 58,071 in May.

In the US pending home sales fell 0.4 percent in June. May sales, though, had been the highest since December 2006.