U.K. BoE Consumer Credit
Currency: Pound Sterling
Country: United Kingdom
Previous value: £-0.965B
Market reaction - market price changing right after the data has been published. Follow past market changes by choosing tiker and event date.
The Consumer Credit published by the Bank of England reflects monthly changes in the amount of money borrowed by UK consumers. The increase in this indicator indicates that consumers can afford large expenditures and that can positively affect economic growth. On the other hand, a high figure may be a sign of overheating, as consumers use credit money to live beyond their income. A higher than expected indicator is considered as positive/bullish for the GBP, and result below expected indicate a negative/bear market for the currency.
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