UK November Consumer Lending Increased £5.1 Billion – Economic Calendar

The United Kingdom’s lending market experienced higher than usual growth in November of 2016. Specifically lending to individuals increased from $4.9 Billion to $5.1 Billion in November which represented the highest shift in over six months. Majority of this lending was comprised of loans for dwellings which totaled $3.1 Billion dollars. Analysts contribute this spike in lending to both consumer confidence, and specifically consumers eager to take advantage of consistently low interest rates that the UK has been experiencing.

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