Currency concept: Pound

The 5 most Important Economic Events Affecting the British Pound

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Currency concept: Pound

The five most important forex economic events affecting the British Pound.

1. Retail Sales

  • What does it mean? Monitors the volume and value of retail sales, composed of food, non-specialized stores, clothing and footwear, household goods, non-store retailing, and other non-food.
  • Release schedule: Every month.
  • Importance: High impact expected in the forex market.

2. IP/Man P

  • What does it mean? Output indexes of production industries, composed of mining, quarrying, oil and gas extraction, manufacturing, and electricity/gas/water supply
  • Release schedule: Every month.
  • Importance: Moderate to high impact expected in the forex market.

3. Harmonized Index of Consumer Prices (HICP)

  • What does it mean? A measure of the change in prices for a fixed basket of goods & services for a typical consumer.
  • Release schedule: Every month.
  • Importance: Moderate to high impact expected in the forex market.

4. Royal Institute of Chartered Surveyors (RICS)

  • What does it mean? The Royal Institution of Chartered Surveyors (RICS), a professional body representing property professionals and surveyors of all types, publishes a survey of U.K. housing.
  • Release schedule: Every month.
  • Importance: Moderate impact expected in the forex market.

5. U.K. Unemployment

  • What does it mean? Unemployed individuals actively seeking work & claiming unemployment.
  • Release schedule: Every month.
  • Importance: Moderate impact expected in the forex market.