UK broad money, M4ex, is defined as M4 excluding intermediate other financial corporations (OFCs). M4ex increased by £16.7 billion in May, compared to the average monthly increase of £6.9 billion over the previous six months. The three-month annualised and twelve-month growth rates were 5.2% and 4.9% respectively. M4Lex is defined as M4 lending excluding intermediate OFCs. M4Lex increased by £11.8 billion in May, compared to the average monthly increase of £9.6 billion over the previous six months. The three-month annualised and twelve-month growth rates were 5.3% and 5.5% respectively.

Economic data calculated before Brexit so next month's data will have a bigger impact on the pound.