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.

Read more: UK November Consumer Lending Increased £5.1 Billion – Economic Calendar