United Kingdom Consumer Credit climbs £1.391B in September
Consumer Credit in the United Kingdom advanced £1.391B in September, missing the £1.4B rise expected by markets. In August, United Kingdom Consumer Credit had increased by a revised £1.681B compared with the £1.644B rise previously estimated.
What is the United Kingdom 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.
When is the next United Kingdom Consumer Credit report released?
The next United Kingdom Consumer Credit data will be published on November 29 at 09:30 GMT. For more information, check the United Kingdom Consumer Credit entry in FXStreet Calendar.
Pound Sterling price today
The table below shows the percentage change of Pound Sterling (GBP) against listed major currencies today. Pound Sterling was the weakest against the New Zealand Dollar.
| USD | EUR | GBP | CAD | AUD | JPY | NZD | CHF | |
| USD | -0.17% | -0.15% | -0.09% | -0.45% | -0.07% | -0.46% | 0.07% | |
| EUR | 0.17% | 0.03% | 0.06% | -0.28% | 0.09% | -0.29% | 0.24% | |
| GBP | 0.15% | -0.02% | 0.02% | -0.32% | 0.08% | -0.33% | 0.23% | |
| CAD | 0.11% | -0.10% | -0.04% | -0.36% | 0.01% | -0.37% | 0.15% | |
| AUD | 0.45% | 0.29% | 0.32% | 0.35% | 0.39% | -0.01% | 0.53% | |
| JPY | 0.07% | -0.09% | 0.02% | -0.06% | -0.40% | -0.41% | 0.14% | |
| NZD | 0.47% | 0.28% | 0.32% | 0.37% | 0.01% | 0.38% | 0.51% | |
| CHF | -0.09% | -0.26% | -0.23% | -0.18% | -0.53% | -0.16% | -0.55% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR (base)/JPY (quote).
An automation tool was used in creating this post.
Author
Eren Sengezer
FXStreet
As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.
