Forex Smart Trade Results, Monday, July 22, 2024 – $1,931

Important Economic Indicators for the GBP.

Consumer Price Index (CPI) – The BOE looks at this account as a measure of inflation.

It measures the change in the prices of consumer goods.

Unemployment Rate – This is the measure of how many unemployed people there are in the UK economy.

Analysts look at this account carefully because it could be a leading indicator of future spending.

How come? Well, if a person has no job, he has no money. Without any money, nobody would be able to afford tea time!

Gross Domestic Product (GDP) – This figure reflects the state of the UK economy.

It indicates whether the economy is growing and booming, or if it is stuck in the English Channel and drowning.

Purchasing Managers Index (PMI) – This index surveys business managers and asks them their view of the current economic landscape.

Scores above 50.0 indicate improving conditions which may lead to expansion, while scores below 50.0 hint at possible contraction.

Gfk Consumer Confidence report -This report gauges consumers’ confidence about current and future economic conditions.

The more confident consumers are regarding the state of the UK economy, the more likely that they will be willing to spend.

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