UK August Bank of England Consumer Credit: In Line with Forecast
The Bank of England released August consumer credit data on September 1, 2025. The reported figure was £1.6 billion, matching the forecast of £1.6 billion, while the previous value was £1.622 billion.Data Definition: Generally, unless there is significant volatility in consumer credit balances, this indicator tends to elicit a muted response in the foreign exchange market. Additionally, consumer credit balances should not be interpreted in isolation and must be analyzed alongside other economic indicators.Market Impact: If the actual figure exceeds the forecast, it is considered positive for the British pound. The importance of this data is rated at level 2. The statistical method measures changes in total consumer credit requiring installment payments. This data is released monthly, with the next publication scheduled for October 29, 2025.
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