United Kingdom
United Kingdom
Real Gross Domestic Product
Gross Domestic Product, Chained, Quarterly Annualized Change, %, SA
Real Gross Domestic Product measures the change in the inflation-adjusted value of all goods and services produced in the economy. It comprises private consumption and investment, inventory buildup, government spending and net exports. Markets watch this indicator to gauge the strength and composition of growth.
United Kingdom
Average Weekly Earnings
Average weekly earnings annual growth rates for total pay (including bonuses) and regular pay (excluding bonuses), seasonally adjusted
The UK Average Weekly Earnings data tracks the annual growth in employee earnings, providing insight into wage trends across the economy. It is reported in two measures: total pay, which includes bonuses, and regular pay, which excludes them. Total pay can be more volatile due to seasonal or performance-related bonuses, while regular pay offers a clearer view of underlying wage trends. Investors and policymakers closely watch wage growth because it influences consumer spending, inflation, and monetary policy. Rising wages may signal tightening labor markets and inflationary pressures, potentially prompting interest rate changes from the Bank of England.
United Kingdom
Claimant Count Change
Monthly Change in Unemployment Claims, Thousands, SA, Updates Monthly
The Claimant Count Change records the monthly difference in the number of people claiming unemployment‐related benefits. The series has been used as the main indicator of labour market conditions in the United Kingdom since the 1970’s and figures are derived from records of claimants held at Job Benefit Offices. ‘Claimants’ include the severely disabled claimants, but exclude students seeking vacation work and the temporarily stopped.
United Kingdom
Consumer Prices
Consumer Price Index, Annual Change, %, SA, Updates Monthly
The Consumer Price Index is a measure of the change over time in the average prices paid by consumers for a market basket of consumer goods and services. As the most widely used measure of inflation, changes in the index are closely followed by policymakers, financial markets, businesses, and consumers. The Office for National Statistics reports both an ‘All Items’ number that includes all categories in the calculation basket, and a ‘Core’ number that strips out highly volatile food, energy, alcohol, and tobacco prices.
United Kingdom
Trade Balance
Total Trade Balance, 12-month moving average, billions GBP, SA, updates monthly
Measures the difference in value between imported and exported goods and services over the reported period. A positive number indicates that more goods and services were exported than imported – generating a trade surplus – and a negative number indicates a deficit. Trade imbalances may reflect fleeting differences in growth rates or more permanent factors in the composition of growth or the endowment and price of natural resources.
United Kingdom
Policy Rate
Bank of England Bank Rate, %
The Bank Rate is an overnight interest rate that the Bank of England targets in order to influence monetary variables in the economy, including consumer prices, exchange rates, and credit growth. The Bank adjusts the target for the Bank Rate on eight fixed dates each year.
United Kingdom
Money Supply Growth
M4 Money Supply, Annual Change, %, SA
M4 Money Supply, sometimes known as a “broad money aggregate”, is a measure of outstanding currency that includes notes and coin, funds in bank accounts: sterling deposits, commercial papers, bonds, repo trades, estimated holdings of sterling bank bills and other categories. Markets don’t typically respond directly to reported changes in M4, but growth in the money supply can influence inflation, interest rates, and exchange rates over longer time horizons.
United Kingdom
Central Bank Assets
Total Assets, Millions GBP, Updates Monthly
The Bank of England’s assets consist primarily of government bonds, commercial paper and corporate bonds, foreign exchange reserves, reverse repurchase agreements, and other instruments. Its liabilities are mostly currency in circulation, commercial bank reserves, and collateralized reverse repurchase agreements. The balance sheet is used to influence interest rates – when officials want to stimulate the economy, it expands, and when they wish to tighten financial conditions, it shrinks.
United Kingdom
Debt Ratios
Credit to General Government, Non-Financial Corporate, and Household Sectors, % of Gross Domestic Product at Market Value, Updates Quarterly
Aggregate Debt Ratios measure the total borrowing of the general government, non-financial corporate, and household sectors, expressed as a share of gross domestic product. Total debt is followed by investors as a gauge of the vulnerability of an economy to financial shocks. An overly fast pace of debt growth is also frequently associated with a buildup of unproductive investment and excessively high asset valuations.
United Kingdom
Net International Investment Position
Net International Investment Position, Millions USD, Updates Annually
The Net International Investment Position is the difference between the external financial assets and liabilities of a nation. A nation with a positive position is a creditor nation and is generally considered a safe haven in financial markets. A nation with a negative position is a debtor nation, with deeper balance of payments vulnerabilities.
United Kingdom
Currency Reserves
Official Reserve Assets, Foreign Currency Reserves (in Convertible Foreign Currencies), Billions USD, Updates Monthly
Currency Reserves show external holdings that are freely usable for settlement of international transactions, and are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in currency markets to affect exchange rates, and for other related purposes. Developed markets with widely used, freely tradeable international currencies typically provide reserve assets rather than engaging in reserve accumulation.
Latest Analysis
Latest Analysis
RBA: any more easing left?
30 September, 2025
As widely anticipated, particularly after last week’s hotter monthly Australian CPI figures, the RBA kept the cash rate at 3.6% at today’s meeting. The Board’s decision was unanimous, and there was little...
US government shutdown looming
28 September, 2025
• Risk uptick. US equities ended a 3-day losing streak on Friday. USD eased back. AUD & NZD tick up. No change expected by RBA this week.• US shutdown. US politics in focus with another shutdown looming....
US Consumer Demand Holds Up, Supporting The Dollar's Rate Premium
26 September, 2025
The Federal Reserve’s preferred inflation measure climbed as expected in August and personal income and spending numbers beat forecasts, making it more difficult to justify an aggressive course of rate...
Dollar Advances As Easing Expectations Pull Back
25 September, 2025
The dollar is trading near a two-week high this morning as traders pull back on overly-optimistic monetary easing expectations and adjust positions amid heavy quarter-end rebalancing. The Canadian dollar,...
Inflation & the RBA
24 September, 2025
• Market swings. US equities dipped again, while US yields & USD rose. NZD remains on backfoot. AUD unwound yesterday’s CPI induced gains.• AU CPI. Inflation hotter than expected in August. Data...
FX Momentum Dies As Fed Officials Outline Dual-Sided Risks
24 September, 2025
After most Federal Reserve officials—with the notable exception of Stephen Miran—sounded a consistently-cautious and incrementally-hawkish tone in appearances during the early part of the week, the US...
Steady as she goes
23 September, 2025
• FX consolidation. In contrast to the dip in US equities & yields the USD tread water. AUD near ~$0.66. Fed Chair Powell notes the “challenging situation”.• AU CPI. Monthly CPI indicator...
Fedspeak Deluge Keeps Markets Guessing
23 September, 2025
The dollar is treading water against its major peers, Treasury yields are drifting lower, and equity futures are pointing to modest gains at the open as investors parse mixed signals emanating from Federal...
Dollar Edges Lower Ahead of Heavy Fedspeak Week
22 September, 2025
Last week’s modest recovery in the dollar is showing signs of exhaustion this morning as investors brace for a week dominated by speeches from Federal Reserve officials. Benchmark ten-year Treasury yields...
Hold the line
21 September, 2025
• Holding on. Quiet end to last week. US equities at record levels. US yields & USD tick up. AUD eased back further. AUD’s first weekly fall in a month.• Event Radar. Global PMIs due (Tues)....