MY FOREX

Bank of England Minutes

The minutes of the BoE MPC meetings are published two weeks after the interest rate decision. The minutes give a full account of the policy discussion, including differences of view. They also record the votes of the individual members of the Committee. If the BoE is hawkish about the inflationary outlook for the economy, then the markets see a higher possibility of a rate increase, and that is positive for the GBP.

CBI Distributive Trades Survey - Realized

The CBI Distributive Trades Survey released by the Confederation of British Industry is an indicator of short-term trends in the UK retail and wholesale distribution sector carries significant weight in the formulation of economic policy at the Bank of England and within Government. A high reading is seen as positive, or bullish for the GBP, while a low reading is seen as negative, or bearish.

Consumer Price Index

The Consumer Price Index released by the National Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchase power of GBP is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. A high reading is seen as positive (or bullish) for the GBP, while a low reading is seen as negative (or Bearish).

Core Consumer Price Index

The Core Consumer Price Index released by the National Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. "Core" excludes seasonally volatile products such as food and energy in order to capture an accurate calculation. The CPI is a key indicator to measure inflation and changes in purchasing trends. A high reading is seen as positive (or bullish) for the GBP, while a low reading is seen as negative (or Bearish).

Gross Domestic Product

The Gross Domestic Product released by the National Statistics is a measure of the total value of all goods and services produced by the UK. The GDP is considered as a broad measure of the UK economic activity and health. A rising trend has a positive effect on the GBP, while a falling trend is seen as negative (or bearish).

Retail Sales

The retail Sales released by the National Statistics measures the total receipts of retail stores. Monthly percent changes reflect the rate of changes of such sales. Changes in Retail Sales are widely followed as an indicator of consumer spending. A high reading is seen as positive, or bullish for the GBP, while a low reading is seen as negative or bearish.

Producer Price Index - Input s.a

The Producer Price Index Input released by the National Statistics is a monthly measurement of the rate of inflation experienced by the UK manufactures when buying goods and services. It captures changes in the average price of a fixed basket of goods and services purchased by the UK Manufactures. A high reading is positive (or bullish) for the GBP, while a low reading is seen as negative (or bearish).

Producer Price Index - Output n.s.a

The Producer Price Index Out released by the National Statistics is a monthly measurement of the price changes of goods produced by UK manufacturers. Generally speaking, a price hike generates higher retail prices for consumers. Thus, a high reading is positive (or bullish) for the GBP, while a low reading is seen as negative (or bearish).

Leading Indicator Index

The Leading Indicators released by the Conference Board measures future trends of the overall economic activity including employment, average manufacturing workweek, initial claims, permits for new housing construction, stock prices and yield curve. It is considered as a measure for economic stability in UK. A high reading is seen as positive (or bullish) for the GBP, whereas a low reading is seen as negative (or bearish).

Total Trade Balance

The trade balance released by the National Statistics is a balance between exports and imports of total goods and services. A positive value shows trade surplus, while a negative value shows trade deficit. It is an event that generates some volatility for the GBP. If a steady demand in exchange for UK exports is seen, that would turn into a positive growth in the trade balance, and that should be positive for the GBP.

Average Earnings excluding Bonus

The Average Earing Excluding Bonus released by the National Statistics is a key short-term indicator of how levels of pay are changing within the U.K. economy. It can be seen as a measure of growth in `basic pay'. The positive earnings growth anticipates positive (or bullish) for the GBP, whereas a low reading is seen as negative (or bearish).

Average Earnings including Bonus

The Average Earing Including Bonus released by the National Statistics is a key short-term indicator of how levels of pay are changing within the UK economy. The positive earnings growth anticipates positive (or bullish) for the GBP, whereas a low reading is seen as negative (or bearish).

Claimant Count Rate

The Claimant Count Rate released by the National Statistics is a monthly measure of unemployment in the UK It indicates the health of the UK labor market. If the rate is up, it indicates a lack of expansion within the UK lobar market, while it indicates economic expansion and could spark inflationary pressures if the rate is down. A decrease of the figure is seen as positive (or bullish) for the GBP, while an increase is seen as negative.

ILO Unemployment Rate

The ILO Unemployment Rate released by the International Labour Organization is the number of unemployed workers divided by the total civilian labor force. It is a leading indicator for the U.K. Economy. If the rate is up, it indicates a lack of expansion within the European lobar market. As a result, a rise leads to weaken the U.K. economy. A decrease of the figure is positive (or bullish) for the GBP, while an increase is negative.

Jobless Claims Change

The Claimant Change released by the National Statistics presents the number of unemployment people in the UK. There is a tendency to influence the GBP volatility. Generally speaking, a rise in this indicator has negative implications for consumer spending which discourage economic growth. Therefore, a high reading is seen as negative (or bearish) for the GBP, while a low reading is seen as positive (or bullish).

RICS House Price Balance

The RICS Housing Price Balance released by the Royal Institution of Chartered Surveyors presents housing costs in tehe UK. It shows the strength of the UK housing market, which can be considered as the economy as a whole, as the housing market is sensitive to the business cycle. A high reading is seen as positive (or bullish) for the GBP, while a low reading is seen as negative (or bearish).

CBI Industrial Trends Survey - Orders

The CBI Industrial Trends Survey is released by the Confederation of British Industry and gives expert qualitative opinion from senior manufacturing executives, on past and expected trends in output, exports, prices, costs, investment intentions, business confidence and capacity utilization. If those opinions show a hawkish outlook in the manufacturing sector, that is seen as positive, or bullish, for the GBP.

Rightmove House Price Index

The RightMove House Price Index released by the Rightmove.co.uk provides a sample of residential property prices in the U.K. It shows the strength of the U.K. housing market, which can be considered as the economy as a whole due to property prices´ sensitivity to changes in the business cycle. A high reading is seen as positive, or bullish for the GBP, while a low reading is seen as negative, or bearish.