FXstreet.com (Barcelona) - The UK Housing Equity Withdrawal, which represents the value of loans secured on housing properties not used for home purchases or improvements, reached £-4.9B for the third quarter of 2009, compared to earlier forecasts in the -£6.3 range and below the -£6.9B registered in the second quarter.

The GBP/USD experienced a slight bump following the 3Q HEW figures, topping out briefly at 1.6058 from 1.6039 before settling back to trade at 1.6043 at the time of writing.

According to the Bank of England, The negative figure implies that individuals injected a net total of £4.9 billion into housing equity in the third quarter.

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