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The 5 most Important Economic Events Affecting the British Pound

Professor FX | February 26 | Fundamental | No Comments

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.