United Kingdom GBP

United Kingdom Net Lending to Individuals MoM

Info

History

Chart

Impact:

Low

Source: Bank of England

Latest Release:

Date:

Surprise:

£9.4B

Actual:

£13.8B

Forecast: £4.4B

Previous/Revision:

£4.6B

Period: Mar

Next Release:

Date:

Forecast: £2.8B

Period: Apr

What Does It Measure?

The United Kingdom Net Lending to Individuals measures the total amount of new loans extended to consumers by banks and financial institutions, focusing on personal loans, credit cards, and other forms of credit. It is a key indicator of consumer credit conditions and spending behavior, reflecting trends in borrowing and the overall health of the consumer financial sector.

Frequency

This report is released monthly, providing both preliminary estimates and final figures, typically published around the first week of each month.

Why Do Traders Care?

Traders pay close attention to net lending since increases can signal stronger consumer confidence and spending, which positively affects currencies like the GBP and equities; conversely, declines could indicate tightening credit conditions and less consumer spending, potentially resulting in bearish outcomes for these assets.

What Is It Derived From?

Net Lending to Individuals is calculated by aggregating the total new loans issued minus repayments over the period, sourced from data provided by major financial institutions in the UK, along with surveys and statistical sampling methodologies that ensure representative results.

Description

This indicator is primarily reported as a Month-over-Month (MoM) change, reflecting immediate variations in lending activity. The MoM metric is useful for identifying short-term trends and consumer behavior shifts as borrowers may respond quickly to changes in credit availability or economic conditions.

Additional Notes

Net Lending to Individuals serves as a coincident economic measure, providing insight into current consumer spending and financial conditions, which can be compared against other indicators such as retail sales and consumer confidence indexes. It is essential for understanding broader economic conditions and financial stability in the UK.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for GBP, Bullish for Stocks. Lower than expected: Bearish for GBP, Bearish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Forecast	Previous	Surprise
May 01, 2025	£13.8B	£4.4B	£4.6B	£9.4B
Mar 31, 2025	£4.6B	£4.9B	£5.9B	£-0.3B
Mar 03, 2025	£5.947B	£4.7B	£4.405B	£1.247B
Jan 30, 2025	£4.6B	£3.6B	£3.5B	£1B
Jan 03, 2025	£3.4B	£4.4B	£4.5B	£-1B
Nov 29, 2024	£4.532B	£4.1B	£3.8B	£0.432B
Oct 29, 2024	£3.8B	£4.1B	£4.2B	£-0.3B
Sep 30, 2024	£4.2B	£4.1B	£4B	£0.1B
Aug 30, 2024	£4B	£3.4B	£3.5B	£0.6B
Jul 29, 2024	£3.8B	£2.2B	£2.8B	£1.6B
Jul 01, 2024	£2.7B	£3.3B	£3B	£-0.6B
May 31, 2024	£3.1B	£2B	£1.9B	£1.1B
Apr 30, 2024	£1.8B	£1.7B	£3.075B	£0.1B
Apr 02, 2024	£2.888B	£1.2B	£0.697B	£1.688B
Feb 29, 2024	£0.791B	£1.9B	£0.403B	£-1.109B
Jan 30, 2024	£0.367B	£1.5B	£2.063B	£-1.133B
Jan 04, 2024	£1.97B	£1B	£1.3B	£0.97B
Nov 29, 2023	£1.2B	£1.2B	£0.4B
Oct 30, 2023	£0.5B	£2.4B	£2.8B	£-1.9B
Sep 29, 2023	£2.9B	£1.5B	£1.5B	£1.4B
Aug 30, 2023	£1.4B	£1B	£1.7B	£0.4B
Jul 31, 2023	£1.8B	£1.3B	£1B	£0.5B
Jun 29, 2023	£1.1B	£1.5B	£0B	£-0.4B
Jun 01, 2023	£0.2B	£1.6B	£1.6B	£-1.4B
May 04, 2023	£1.6B	£2.8B	£2.2B	£-1.2B
Mar 29, 2023	£2.2B	£3.3B	£3.7B	£-1.1B
Mar 01, 2023	£4.1B	£3.1B	£3.9B	£1B
Jan 31, 2023	£3.7B	£6.1B	£5.7B	£-2.4B
Jan 04, 2023	£5.9B	£4.1B	£4.3B	£1.8B
Nov 29, 2022	£4.7B	£6.5B	£6.5B	£-1.8B
Oct 31, 2022	£6.8B	£7B	£7.3B	£-0.2B
Sep 30, 2022	£7.2B	£6.1B	£6.5B	£1.1B
Aug 30, 2022	£6.5B	£6.5B	£7.1B
Jul 29, 2022	£7.1B	£7.8B	£8.9B	£-0.7B
Jul 01, 2022	£8.3B	£5.1B	£5.5B	£3.2B
May 31, 2022	£5.5B	£8.8B	£7.7B	£-3.3B
May 04, 2022	£8.3B	£6B	£6.1B	£2.3B
Mar 29, 2022	£6.5B	£5.7B	£6.1B	£0.8B
Mar 01, 2022	£6.5B	£4.7B	£4.8B	£1.8B
Feb 01, 2022	£4.4B	£4.5B	£4.8B	£-0.1B
Jan 04, 2022	£4.93B	£3.8B	£1.98B	£1.13B
Nov 29, 2021	£2.31B	£4.6B	£9.57B	£-2.29B
Oct 29, 2021	£9.8B	£5.2B	£5B	£4.6B
Sep 29, 2021	£5.6B	£2.8B	£-1.4B	£2.8B
Aug 31, 2021	£-1.4B	£3.2B	£18B	£-4.6B
Jul 29, 2021	£18.2B	£6.4B	£7.2B	£11.8B
Jun 29, 2021	£6.9B	£3B	£2.8B	£3.9B
Jun 02, 2021	£2.9B	£4.7B	£11.1B	£-1.8B
May 04, 2021	£11.3B	£4.5B	£5.3B	£6.8B
Mar 29, 2021	£4.9B	£2.7B	£2.6B	£2.2B
Mar 01, 2021	£2.8B	£4.2B	£4.5B	£-1.4B
Feb 01, 2021	£4.6B	£3.7B	£4.3B	£0.9B
Jan 04, 2021	£4.1B	£3.6B	£3.8B	£0.5B
Nov 30, 2020	£3.7B	£4B	£4.2B	£-0.3B
Oct 29, 2020	£4.2B	£3.3B	£3.3B	£0.9B
Sep 29, 2020	£3.4B	£3.2B	£3.9B	£0.2B
Sep 01, 2020	£3.9B	£2.1B	£2B	£1.8B
Jul 29, 2020	£1.8B	£-1B	£-3.3B	£2.8B
Jun 29, 2020	£-3.4B	£-2.6B	£-7.4B	£-0.8B
Jun 02, 2020	£-6.9B	£-1.8B	£1B	£-5.1B
May 01, 2020	£1B	£3B	£5.2B	£-2B
Mar 30, 2020	£5.2B	£4.2B	£5.1B	£1B
Mar 02, 2020	£5.2B	£3.8B	£5.7B	£1.4B
Jan 31, 2020	£5.8B	£4.4B	£4.9B	£1.4B
Jan 03, 2020	£4.5B	£5.1B	£5.6B	£-0.6B
Nov 29, 2019	£5.6B	£4.4B	£4.7B	£1.2B
Oct 29, 2019	£4.6B	£4.5B	£4.6B	£0.1B
Sep 30, 2019	£4.8B	£5.2B	£5.5B	£-0.4B
Aug 30, 2019	£5.5B	£4.7B	£4.9B	£0.8B
Jul 29, 2019	£4.8B	£3.7B	£3.8B	£1.1B
Jul 01, 2019	£3.9B	£5.1B	£5.1B	£-1.2B
May 31, 2019	£5.2B	£4.6B	£4.7B	£0.6B
May 01, 2019	£4.7B	£4.5B	£4.6B	£0.2B
Mar 29, 2019	£4.6B	£4.6B	£4.7B
Mar 01, 2019	£4.8B	£4.7B	£4.6B	£0.1B
Jan 30, 2019	£0.2B	£4.3B	£4.4B	£-4.1B
Jan 04, 2019	£4.4B	£5.1B	£4.8B	£-0.7B
Nov 29, 2018	£5B	£4.5B	£4.9B	£0.5B
Oct 29, 2018	£4.7B	£4.1B	£4.3B	£0.6B
Oct 01, 2018	£4B	£4.8B	£3.8B	£-0.8B
Aug 30, 2018	£4B	£5.5B	£5.4B	£-1.5B
Jul 30, 2018	£5.4B	£5.3B	£5.3B	£0.1B
Jun 29, 2018	£5.3B	£5.2B	£5.7B	£0.1B
May 31, 2018	£5.7B	£5.2B	£4.4B	£0.5B
May 01, 2018	£4.2B	£4.9B	£5.5B	£-0.7B
Mar 29, 2018	£5.4B	£4.8B	£4.7B	£0.6B
Mar 01, 2018	£4.7B	£5.4B	£5.2B	£-0.7B
Jan 30, 2018	£5.2B	£4.8B	£4.9B	£0.4B
Jan 04, 2018	£4.9B	£4.9B	£4.7B
Nov 29, 2017	£4.8B	£5.6B	£5.2B	£-0.8B
Oct 30, 2017	£5.5B	£5.5B	£5.7B
Sep 29, 2017	£5.6B	£5B	£4.8B	£0.6B
Aug 30, 2017	£4.8B	£5.3B	£5.5B	£-0.5B
Jul 31, 2017	£5.6B	£5.4B	£5.68B	£0.2B
Jun 29, 2017	£5.3B	£4B	£4.3B	£1.3B
May 31, 2017	£4.3B	£4.5B	£4.7B	£-0.2B
May 04, 2017	£4.7B	£4.5B	£4.9B	£0.2B
Mar 29, 2017	£4.9B	£4.9B	£4.8B
Mar 01, 2017	£4.8B	£4B	£4.8B	£0.8B
Jan 31, 2017	£4.8B	£5.3B	£5.1B	£-0.5B
Jan 04, 2017	£5.1B	£4.9B	£4.9B	£0.2B
Nov 29, 2016	£4.9B	£4.8B	£4.7B	£0.1B
Oct 31, 2016	£4.7B	£4.6B	£4.7B	£0.1B
Sep 29, 2016	£4.5B	£4B	£3.8B	£0.5B
Aug 30, 2016	£3.8B	£4.9B	£5.2B	£-1.1B
Jul 29, 2016	£5.2B	£4.2B	£4.3B	£1B
Jun 29, 2016	£4.3B	£2.9B	£1.6B	£1.4B
Jun 01, 2016	£1.6B	£5.3B	£9.2B	£-3.7B
Apr 29, 2016	£9.3B		£4.9B
Mar 31, 2016	£4.9B	£5.1B	£5.4B	£-0.2B
Feb 29, 2016	£5.3B		£4.4B
Feb 01, 2016	£4.4B	£4.9B	£5.35B	£-0.5B
Jan 04, 2016	£5.35B		£4.8B
Nov 30, 2015	£4.8B		£4.85B
Oct 29, 2015	£4.85B		£4.7B
Sep 29, 2015	£4.3B	£4.1B	£4B	£0.2B
Sep 01, 2015	£3.9B	£3.9B	£3.9B
Jul 29, 2015	£3.8B		£3.5B
Jun 29, 2015	£3.1B		£2.9B
Jun 02, 2015	£2.9B		£3.3B
May 01, 2015	£3.1B		£2.5B