United Kingdom
Gross Domestic Product
Contribution to monthly change in real gross domestic product, 3-month moving average, SA
Illustrates the contribution of major components to the monthly change in UK gross domestic product, smoothed using a three-month moving average to reduce volatility. Each bar decomposes the net monthly change in real output into key industrial sectors, showing how much each component has added to or subtracted from overall growth.
United Kingdom
Average Weekly Earnings
Average weekly earnings annual growth rates for total pay (including bonuses) and regular pay (excluding bonuses), seasonally adjusted
Tracks 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
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
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
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 Bank of England assets, billions GBP
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
Illustrates 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
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
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
Rattled markets
26 March, 2026
• Negative vibes. Ongoing concerns about the Middle East conflict weighed on sentiment. Equities lower, oil & yields higher. USD firmer. AUD under pressure.• Twists & turns. Situation in Middle...
Iran optimism fades, leaving FX markets bracing for more turbulence
26 March, 2026
Good morning. Risk appetite is deteriorating across the financial system as the Middle East conflict shows little sign of easing ahead of President Trump’s deadline for resuming military strikes...
Markets rally on peace hopes
25 March, 2026
A wave of cautious optimism is washing over financial markets after the United States reportedly offered Iran a 15-point peace plan, reinforcing the belief that Washington is looking for an exit from the...
Oil prices retrace higher as Mideast conflict continues
24 March, 2026
Energy prices are ratcheting higher once again as fighting in the Middle East rages unabated, suggesting that President Donald Trump’s efforts to find a diplomatic off-ramp have not met with success thus...
Twists & turns
23 March, 2026
• Risk reversal. Comments by Pres. Trump saw oil prices fall & sentiment improve. USD weaker. AUD ticked up, but AUD also underperforms on crosses.• Fragile markets. Situation in Middle East remains...
Markets stage violent reversal after Trump signals de-escalation in Iran conflict
23 March, 2026
Oil prices are tumbling and currency markets are snapping back toward pre-war levels after President Donald Trump said that Washington and Tehran had held “very good and productive conversations”...
Middle East concerns & spillovers
22 March, 2026
• Market nerves. Concerns about the duration of the Middle East conflict & global economy remain. Equities fell on Friday, bond yields rose. AUD underperforms.• Risk radar. Situation in Middle East...
Oil prices soar as Mideast conflict widens
19 March, 2026
Global energy benchmarks are approaching last weekend’s panic-driven highs as the Middle East conflict shows signs of spiralling out of control. Brent is trading above $115, West Texas Intermediate...
Market wobbles return
18 March, 2026
• Negative vibes. Another jump in energy prices & upward repricing in interest rates dampened risk sentiment. USD firmer. AUD & NZD underperform.• Macro news. Asia exposed to higher energy costs....
Fed holds rates, downplays oil price-driven shift in risk calculus
18 March, 2026
The Federal Reserve left interest rates unchanged this afternoon and did little to acknowledge an Iran war-driven shift in the balance of risks facing the US economy in the accompanying statement, suggesting...