|Low||£1.145 B||£0.91 B||
Bank of England Consumer Credit m/m reflects a change in the amount of all unpaid sterling credit issued to UK resident individuals by UK banks in the given month compared to the previous month.
Education loans issued to students are excluded from the indicator calculation. Also the indicator does not include unincorporated businesses and non-profit institutions serving households. The value only reflects loans of households for current spendings on goods and services.
The detailed report version includes separate information on the following loan types: credit card lending and "other" loans (such as overdrafts and bank loans in cash).
Sterling loans to individuals are provided by three main types of organizations:
Consumer Credit is a leading indicator of consumer activity and retail sales. The indicator growth allows the forecast of an increase in consumer activity and can affect the British pound quotes positively.
The chart of the entire available history of the "Bank of England (BoE) Consumer Credit excl. Student Loans m/m" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.
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