FX.co ★ UK Consumer Credit Growth Cools in September, Signalling Softer Borrowing Appetite

Consumer borrowing in the United Kingdom slowed in September 2026, as Bank of England (BoE) data showed a moderation in the pace of consumer credit growth. The latest figures indicate that consumer credit rose by 1.914 billion pounds in September, down from 2.683 billion pounds in August 2026.

The deceleration suggests that households may be becoming more cautious about taking on new debt, whether through credit cards, personal loans, or other unsecured borrowing channels. This softer borrowing momentum could reflect shifting consumer sentiment or evolving financial conditions as the year progresses.

The data, updated on 29 October 2026, will be closely watched by market participants and policymakers for further signs of how UK consumers are navigating the current economic environment, particularly given the key role that domestic consumption plays in supporting overall growth.