<ul><li>Prior 66.79k</li><li>Net consumer credit £0.77 billion</li><li>Prior £0.75 billion</li></ul><p style=““ class=“text-align-justify“>Mortgage activity eases further with the effective’ interest rate on newly drawn mortgages seen increasing by 25 bps to 3.09% in October. Meanwhile, net borrowing of mortgage debt by individuals decreased from £5.9 billion to £4.0 billion on the month. As for consumer credit growth, the annual reading decreased slightly from 7.1% in September to 7.0% last month.</p>

This article was written by Justin Low at forexlive.com.