Fundamental Analysis (Part 3) - UK FiguresReading Time: 3 Min Experience Level:Beginner
UK Figures
U.K. Claimant Count Change
This figure measures the change in the number of unemployed people in the UK during the same month. A rising trend is a sign of weakness in the labor market, which harms consumer spending and economic growth. Also, a reading lower-than-expected is usually taken as a positive sign for the British Pound (GBP), while the opposite is taken as a negative sign.
U.K. Employment Change (Three Months)
This figure measures the change in the number of employed people in the UK. It represents the three-month moving average in comparison with the same period the previous year.
Bank of England Inflation Report
The BOE Inflation report gives the detailed economic analysis and inflation projections, which were used as a base for the Monetary Policy Committee’s interest rate decisions, in addition to giving an assessment of the prospects for the UK inflation over the coming two years. The Bank of England Inflation Report is released quarterly.
The U.K. Nationwide Housing Price Index (HPI)
This index measures the change in the selling price of houses with mortgages across the country through a survey performed by the Nationwide Housing Society. It is the second earliest report on housing inflation in the UK. A reading higher than expected is taken as a positive sign for the GBP, while the opposite is taken as a negative sign for the currency. This figure is released both monthly and annually.
The Bank of England (BOE) Interest Rate Decision
The decision is released alongside its minutes at 12:00 p.m. GMT and is spread across eight meetings throughout the year.
This is the most closely watched economic indicator for the United Kingdom and usually directly affects the British Pound.