FX.co ★ UK Consumer Credit Growth Picks Up in February, Signals Firm Household Demand

Bank of England data show that UK consumer credit expanded further in February 2026, underscoring resilient household borrowing momentum at the start of the year.

Consumer credit rose to £1.935 billion in February, up from £1.812 billion in January 2026. The latest figures, updated on 30 March 2026, indicate a month‑on‑month increase in borrowing, suggesting that consumers are either more willing or more pressured to rely on credit for spending.

The continued rise in consumer credit will be closely watched by markets and policymakers as an indicator of the strength of domestic demand and potential future pressure points for household balance sheets and monetary policy.