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Data from Bank of England. Forecasts by Sigmanomics Forecast Engine.
United KingdomUnited Kingdom BoE Consumer Credit climbed to 2.01B in July 2026
Bank of EnglandMonthlyReleased September 2026
United Kingdom BoE Consumer Credit climbed to 2.01B in July 2026, released September 2026, up 0.14B from June's 1.87B reading. The print exceeded the 1.8B consensus by 0.21B. BoE Consumer Credit has now risen for 3 consecutive months. Over the past 3 months, BoE Consumer Credit averaged 1.73B, vs 1.9B in the prior 3-month window. BoE Consumer Credit is now the highest in 7 months.
Latest Release
2.006
Actual
1.8
Consensus
1.865
Previous
Median Absolute Error
±0.22 billion
across last 12 releases
Last Call
Sep 2026
Predicted: 1.79
Actual: 2.01
Error: -0.21
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 |
|---|---|---|---|---|---|
| EUR/GBP | ▼ Inverse | −0.63 | FOREX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.60 | COMMODITIES | Moves with | → View |
| Euro STOXX 50 | ▼ Inverse | −0.38 | INDEX | Moves against | → View |
| DAX | ▼ Inverse | −0.27 | INDEX | Moves against | → View |
| GBP/JPY | ▲ Direct | +0.25 | 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 2.01 billion in September 2026. This beat the market consensus of 1.80 billion by 0.21 billion. The reading rose from the previous value of 1.87 billion. Trailing 12-month context per ETL data through September 2026. Over the past 12 months, the indicator has averaged 1.73 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 upward over the last three releases. The trailing three releases averaged 1.83 billion, down from the prior three at 1.87 billion. Volatility over the past year (σ 0.26 billion) is lower than the prior year (σ 0.29 billion). In September readings over the past 3 years, BoE Consumer Credit has averaged 1.65 billion.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with EUR/GBP (Bearish EUR). A secondary relationship exists with XAU/USD, positively correlated (Bullish XAU). Over the last 12 releases, the Sigmacast model's median absolute error is 0.22 billion.
WHAT TO WATCH NEXT
The next release is scheduled for September 29, 2026. Same-country events in the next 14 days include Employment Change (Sep 15) and Average Earnings incl. Bonus (Sep 15).
Auto-generated from current model state · Refreshes on each release · Last update September 2026.
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BoE Consumer Credit - UK
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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 (Jul 2026): actual 2.006 M, consensus 1.8 M. Prior reading (Jun 2026): 1.807 M. Before that (May 2026): 1.662 M.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with EUR/GBP (Bearish EUR, r=-0.63) — a useful reference for forex-focused traders.
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Economic Calendar - UK Events
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:00 | UK | HMRC Payrolls Change | -13 | -4 | 37.00 | Low | |
| 06:00 | UK | Claimant Count Change | -11 | 8.3 | 11.00 | Low | |
| 06:00 | UK | Employment Change | 83 | 70 | 82.50 | High | |
| 06:00 | UK | Average Earnings excl. Bonus | 3.5 | 3.5 | 3.60 | Low | |
| 06:00 | UK | Average Earnings incl. Bonus | 4.1 | 3.9 | 4.10 | Medium | |
| 06:00 | UK | Unemployment Rate | 4.9 | 5 | 4.95 | High | |
| Wednesday, September 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 06:00 | UK | Retail Price Index MoM | 0.6 | 0.7 | 0.55 | Low | |
| 06:00 | UK | Retail Price Index YoY | 3.2 | 3.5 | 3.40 | Low | |
| 06:00 | UK | PPI Core Output YoY | 2.8 | 2.9 | 2.85 | Low | |
| 06:00 | UK | PPI Input MoM | -1.7 | -0.6 | -0.75 | Low | |
| 06:00 | UK | PPI Core Output MoM | 0.6 | 0.4 | 0.60 | Low | |
| 06:00 | UK | Core Inflation Rate MoM | 0.2 | 0.1 | 0.05 | Low | |
| 06:00 | UK | Inflation Rate MoM | 0.3 | 0.5 | 0.40 | Medium | |
| 06:00 | UK | Inflation Rate YoY | 2.9 | 3.1 | 3.00 | High | |
| 06:00 | UK | PPI Output MoM | 0.2 | 0.1 | 0.10 | Low | |
| 06:00 | UK | PPI Output YoY | 3.1 | 3.1 | 3.10 | Low | |
| 06:00 | UK | Core Inflation Rate YoY | 2.6 | 2.7 | 2.65 | Medium | |
| 06:00 | UK | PPI Input YoY | 4.9 | 4.7 | 4.65 | Low | |
| 08:30 | UK | House Price Index YoY | 2 | 2.1 | 2.60 | Low | |