British economic indicators

British economic indicators are essential knowledge for anyone trading in the pound. The pound is also the most volatile of any currency, making big profits but potentially losing money. It is the most active of the major currencies and is also called the speculative currency. I have compiled a list of economic indicators in the United Kingdom. There is no problem if you are aware of only the most important ones.

Bank of England (BOE) Governor, Remarks (Importance: High)

The market price will move very much if there is a statement related to the interest rate policy in the statement of the president of the Central Bank of the United Kingdom. You should be careful.

Consumer credit balance (importance: low)

The consumer credit balance is an index showing the total amount of loans made by banks, consumer credit unions, etc. to consumers.

Money supply (importance: low)

The money supply released by the Bank of England is a survey of the total amount of pounds sterling supplied to the economy as a whole.

Service Department Purchasing Managers Index (Importance: Low)

It is an economic index compiled by the private research company Markit, and is also called “PMI”. It is calculated by conducting questionnaire surveys and interviews with purchasing personnel in the manufacturing and service industries, and multiplying indexes such as new orders, production volume, backlog, prices, employment, and purchasing quantity by a certain weight.

Retail sales (importance: medium)

This is an economic indicator related to the economy based on a sample survey of monthly sales in the retail and service industries such as department stores and supermarkets.

GFK Consumer Confidence Survey (Importance: Low)

The business conditions index released by German market research firm GFK is a compilation of forecasts of household economic conditions and the economic conditions of the UK as a whole, compared to one year ago and one year later.

Retail Price Index (importance: low)

The Retail Price Index released by the National Bureau of Statistics is an index showing price fluctuations of goods and services purchased by British consumers. Higher numbers tend to buy pounds.

Consumer Price Index (Importance: Medium)

The Consumer Price Index is a statistical index for grasping the movement of prices of goods and services that consumers purchase.

Number of unemployment insurance applications (importance: medium)

The number of unemployment insurance applications announced by the National Bureau of Statistics. It is an index announced together with the unemployment rate. From this result, the domestic economic situation can be grasped.

Unemployment rate (importance: high)

The unemployment rate announced by the National Bureau of Statistics is an index quantified by unemployment ÷ labor force population x 100. You can see the economic trends of the countries targeted for announcement. This indicator will move the market considerably.

House Price Index (Importance: Low)

The Home Price Index, published by the Royal Institution of Chartered Real Estate Appraisers (RICS), is a survey of real estate price trends in the UK. Higher numbers tend to buy pounds.

Gross Domestic Product (GDP) (Importance: High)

Gross Domestic Product is the total amount of goods and services produced in Japan, and is a monosashi that represents the scale of the economy. Please note that this index will move the market price.

Mining and industry production (importance: medium)

It is an index of production trends in the mining and industrial sector. Since you can know the status of business activities in the mining and industrial production sector, you can understand the economic status of the country.

Manufacturing Production Index (Importance: Medium)

The Manufacturing Producer Index, published by the National Bureau of Statistics, is an index of productivity in the UK manufacturing industry. If the number goes up, it is thought that the economy from the perspective of the company has improved.

Trade balance (importance: low)

The trade balance is a numerical value for the balance of exports and imports. When the trade balance improves, the currency of the target country becomes easier to buy because the economic situation of the target country is good.

Bank of England Asset Purchase Program Scale (Importance: High)

The central bank’s asset purchase program is one of quantitative easing by purchasing assets such as gilts. You can see the financial situation in the UK.

Bank of England Interest Rate Policy (Importance: High)

The Bank of England announces the UK’s policy rate and monetary policy. The BOE is made up of nine people, including the president, and the ratio may also attract attention.

Construction Industry Purchasing Managers Index (Importance: Low)

It is an economic index compiled by the private research company Markit, and is an index that indexes the questionnaire of purchasers in the construction industry.

Nation Wide Home Price (Importance: Low)

Home price index released monthly by Hand Nation Wide. From the end of the month to the beginning of the month, the rate of change from the previous month and the previous year, the average price, etc. will be announced.

Rightmove Home Price (Importance: Low)

The housing index released by the major real estate company Rightmove is a compilation of figures that account for about half of the UK housing market.