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
USD remains on the back foot
01 July, 2025
• Consolidation. Modest moves across most markets. USD index remains heavy with EUR pushing higher. AUD hovering near top of its range.• Macro pulse. US manufacturing ISM shows momentum still sluggish....
US dollar blues
30 June, 2025
• Pressure points. US equities hit another record high, while the USD remains under pressure. AUD has risen to the top of its multi-month range.• USD trends. USD index ~10.5% below where it started the...
US jobs in focus
29 June, 2025
• Holding on. Pockets of volatility on Friday but on net US equities & bond yields rose. EUR continues to climb. AUD drifted a little lower.• US macro. Consumer spending fell. Some signs of tariff...
Canadian Dollar Plunges As Trump Threatens To Reimpose Tariffs
27 June, 2025
The peace and quiet was nice, while it lasted. The Canadian dollar is down almost 60 basis points after President Donald Trump said he was ending all trade negotiations with the country, while threatening...
Markets Turn Cautious As US Consumer Spending Engine Slows
27 June, 2025
The Federal Reserve’s preferred inflation measure came in slightly hotter than expected in May—lending support to the central bank’s cautious approach—but personal spending levels missed forecasts, pointing...
USD losing altitude
26 June, 2025
• US trends. Outlook for US rate cuts supported sentiment & exerted more pressure on the USD. AUD at the top of its multi-month range.• Macro forces. Patchy US growth & signs the labour market...
"Shadow Fed Chair" Fears Drive Dollar Lower
26 June, 2025
The dollar is trading near a three-year low and Treasury yields are down across the curve after a report suggested that Donald Trump could appoint the next Federal Reserve chair early in an attempt to...
USD pressure points
25 June, 2025
• Mixed fortunes. US equities & bonds consolidated, while USD remains on backfoot. EUR & GBP near cyclical highs. AUD & NZD a little firmer.• USD trends. Fundamental forces continue to undermine...
Art of the truce
24 June, 2025
• Peacemaker. De-escalation of Israel/Iran conflict boosted sentiment. Equities rose, oil declined. This dragged down the USD. AUD & NZD higher.• Fed comments. Fed Chair Powell also spoke. Noted there...
Fragile Middle Eastern Truce Boosts Risk Assets
24 June, 2025
Oil prices are down dramatically, shares are gaining, and the dollar is retreating on signs that the latest round of hostilities in the Middle East is drawing to a close. A truce between Israel and Iran,...