Consumer Credit

Date Time Left   Event Impact Previous Consensus Actual
Jun 02, 08:30  Consumer Credit £0.5B £0.3B £0.50B

Consumer Credit

The Consumer Credit released by the Bank of England is an amount of money that individuals borrowed in the previous month. It shows if consumers can afford large expenses, which can fuel economic growth. However, a high figure may also indicate that the economy is overheating, as consumers borrow in order to live beyond their means. A high reading is seen as positive for the GBP, whereas a low reading is seen as negative.



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