Loading page content
Data from Bank of England. Forecasts by Sigmanomics Forecast Engine.
United KingdomUnited Kingdom BoE Consumer Credit fell to 1.66B in May 2026
Bank of EnglandMonthlyReleased June 2026
United Kingdom BoE Consumer Credit fell to 1.66B in May 2026, released June 2026, down 0.05B from April's 1.71B reading. The reading missed the 1.8B consensus by 0.14B. BoE Consumer Credit has now declined for 4 consecutive months. Over the past 3 months, BoE Consumer Credit averaged 1.88B, vs 1.84B in the prior 3-month window. The reading is in the 69th percentile of the trailing 24-month range.
Latest Release
1.662
Actual
1.8
Consensus
1.713
Previous
Median Absolute Error
±0.25 billion
across last 12 releases
Last Call
Jun 2026
Predicted: 1.88
Actual: 1.66
Error: +0.22
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| XAU/USD | ▲ Direct | +0.65 | COMMODITIES | Moves with | → View |
| EUR/GBP | ▼ Inverse | −0.63 | FOREX | Moves against | → View |
| Euro STOXX 50 | ▼ Inverse | −0.39 | INDEX | Moves against | → View |
| DAX | ▼ Inverse | −0.28 | INDEX | Moves against | → View |
| GBP/JPY | ▲ Direct | +0.27 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
BoE Consumer Credit (United Kingdom) was reported at 1.66 billion in June 2026. This missed the market consensus of 1.80 billion by 0.14 billion. The reading fell from the previous value of 1.71 billion. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged 1.66 billion, ranging from 1.12 billion to 2.08 billion across 11 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 1.82 billion, up from the prior three at 1.80 billion. Volatility over the past year (σ 0.25 billion) is comparable than the prior year (σ 0.26 billion). In June readings over the past 3 years, BoE Consumer Credit has averaged 1.49 billion.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with XAU/USD (Bullish XAU). A secondary relationship exists with EUR/GBP, negatively correlated (Bearish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 0.25 billion.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Employment Change (Jul 21) and Average Earnings incl. Bonus (Jul 21).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
SHARE
BoE Consumer Credit - UK
Loading chart data...
About BoE Consumer Credit — United Kingdom
DEFINITION
BoE Consumer Credit is a financial indicator that measures the amount of credit that consumers in the United Kingdom are using. It is published by the Bank of England and provides insight into the borrowing habits of individuals and households, which can have a significant impact on the overall economy. This indicator is closely monitored by economists and policymakers as it can indicate potential changes in consumer spending and overall economic growth.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (May 2026): actual 1.662 M, consensus 1.8 M. Prior reading (Apr 2026): 1.859 M. Before that (Mar 2026): 1.895 M.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with XAU/USD (Bullish XAU, r=0.65) — a useful reference for commodities-focused traders.
Σ
EXPECTED ZONE
SIGMANOMICS MARKET FORECAST ENGINE
Multi-horizon symbol forecasts, Rolling-Surprise economic predictions, and programmatic API access.
Expected Zones · Trade Bias · Confidence Intervals · API Access · 1,456+ instruments
FOREXCRYPTOSTOCKSCOMMODITIESINDICESAPI
BLSBEAFMPWORLD BANKFRED
1,456+ instruments247 indicators530+ correlationsREST + GQL API
4,151 economic indicators127 countries covered6 data sources
FREDBLSEIAECBBOJFMP
Economic Calendar - UK Events
| Tuesday, July 21, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:00 | UK | Claimant Count Change | 31.2 | -5 | -2.30 | Low | |
| 06:00 | UK | Public Sector Net Borrowing | -23.3 | -12.5 | -12.50 | Low | |
| 06:00 | UK | HMRC Payrolls Change | 2 | 20 | 7.00 | Low | |
| 06:00 | UK | Average Earnings excl. Bonus | 3.4 | 3.4 | 3.45 | Low | |
| 06:00 | UK | Average Earnings incl. Bonus | 4.4 | 3.5 | 3.60 | Medium | |
| Wednesday, July 22, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 06:00 | UK | PPI Input YoY | 8.7 | 0.5 | 0.50 | Low | |
| 06:00 | UK | Inflation Rate MoM | 0.2 | 0.1 | 0.10 | Medium | |
| 06:00 | UK | Retail Price Index MoM | 0.2 | 0.2 | 0.20 | Low | |
| 06:00 | UK | Retail Price Index YoY | 3.1 | 3.4 | 3.40 | Low | |
| 06:00 | UK | PPI Output YoY | 4 | 3.7 | 3.70 | Low | |
| 06:00 | UK | PPI Core Output MoM | 0.8 | 0.2 | 0.20 | Low | |
| 06:00 | UK | Core Inflation Rate MoM | 0.3 | 0.2 | 0.20 | Low | |
| 06:00 | UK | PPI Output MoM | 0.5 | 0.1 | 0.10 | Low | |
| 06:00 | UK | Core Inflation Rate YoY | 2.6 | 2.7 | 2.70 | Medium | |
| 06:00 | UK | PPI Core Output YoY | 2.3 | 2.5 | 2.50 | Low | |
| 06:00 | UK | Inflation Rate YoY | 2.8 | 3.4 | 3.40 | High | |