MacroMicro

GBP ×

Related ETF
發行地 投資標的 Price 1 Month YTD Expense ratio
Invesco CurrencyShares British Pound Sterling Trust $127.44 -1.88% -3.54% 0.40%
#Currency: GBP

Save MM GBP Fundamental Index

MMFI for AUD is an integral index created by MacroMicro for British pound fundamentals. When it goes up, it means the fundamentals of British pounds are looking good.

Components of GBP MMFI include credit risk spread, GBP COT Index, etc. Weight of each component might be adjusted according to the latest market conditions.

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Latest Stats
  • MM GBP Fundamental Index (L)
    2021-11
    0.11
  • GBP/USD (R)
    2021-12-07
    1.32
Feedback
Related ETF
發行地 投資標的 Price 1 Month YTD Expense ratio
Invesco CurrencyShares British Pound Sterling Trust $127.44 -1.88% -3.54% 0.40%
#Currency: GBP

Save UK Base Rate vs. GBP/USD

The base rate is part of the Bank of England's monetary policy to meet the targets of stable inflation and maximum employment. BoE reduces the base rate when then economy declines, by which lowers the interest rate for banks to deposit cash reserves, so that the funds could be released to the private sector, including corporates and households. Investment and consumption are likely to increase, so are inflation and employment rate

Possible scenarios:
BoE lowering base rate increases supply of pounds and GBP/USD goes down.
BoE raising base rate decreases supply of pounds and GBP/USD gains.

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Latest Stats
  • UK BoE Base Interest Rate (L)
    2021-11
    0.10%
  • UK Consumer Price Index (YoY, L)
    2021-10
    4.20%
  • GBP/USD (R)
    2021-12-07
    1.32
Source
Feedback
Related ETF
發行地 投資標的 Price 1 Month YTD Expense ratio
Invesco CurrencyShares British Pound Sterling Trust $127.44 -1.88% -3.54% 0.40%
#Currency: GBP

Save UK Inflation Spread vs. GBP/USD

Producer price index (PPI) reflects the costs of goods while consumer price index (CPI) reflects the prices of goods at the end market. The spread between PPI and CPI reflects the rising costs of goods that were transferred from producers to consumers. It serves as a leading indicator for inflation.

When inflation spread declines, BoE is likely to keep base rates low. GBP/USD might go down.
When inflation spread rises, BoE might raise base rates to keep inflation within an acceptable range, and GBP/USD might gain.

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Latest Stats
  • UK Inflation Spread (PPI - CPI) (L)
    0.00
  • GBP/USD (R)
    2021-12-07
    1.32
Feedback
Related ETF
發行地 投資標的 Price 1 Month YTD Expense ratio
Invesco CurrencyShares British Pound Sterling Trust $127.44 -1.88% -3.54% 0.40%
#Currency: GBP

Save Sterling Unsecured Lending Rate vs. GBP/USD

Sterling Overnight Index Average benchmark (SONIA), starting in 2022, replaces LIBOR as interbank lending rates. SONIA rising means higher costs of borrowing, reduced liquidity, and higher value of pound sterling.

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Latest Stats
  • Sterling Overnight Index Average (SONIA) (L)
    2021-12-03
    0.05%
  • GBP 3-month LIBOR (L)
    2021-12-03
    0.09%
  • GBP/USD (R)
    2021-12-07
    1.32
Source
Feedback
Related ETF
發行地 投資標的 Price 1 Month YTD Expense ratio
Invesco CurrencyShares British Pound Sterling Trust $127.44 -1.88% -3.54% 0.40%
#Currency: GBP

Save US - UK Excess Deposit Allowance vs. GBP/USD

Fed excess reserves
- BoE excess reserves in USD
= US - UK excess deposit allowance

Excess reserves is the liquidity available for financial institutions. In a loose monetary policy environment, the higher the reserves the higher the surplus of the monetary supply, which might cause the value of the current to fall.

When the spread between Fed and BoE's excess reserves rises, US dollar supply is higher than British pound supply, leading to higher value of the British pound against the US dollar.

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Latest Stats
  • Fed - BoE Excess Reserve Spread (L)
    0.00
  • GBP/USD (R)
    2021-12-07
    1.32
Feedback
Related ETF
發行地 投資標的 Price 1 Month YTD Expense ratio
Invesco CurrencyShares British Pound Sterling Trust $127.44 -1.88% -3.54% 0.40%
#Currency: GBP

Save UK Credit Spread vs. GBP/USD

Merrill Lynch CCC-grade (or lower) high-yield bond actual yield
- UK 10-year government bond yield
= MM's UK credit risk spread

When the spread widens, expectations for higher defaults from corporates rise, which would cause higher demand for risk-hedging instruments such as the US dollar, the US bonds, and gold. Higher demand for the US dollar causes the GBP/USD to decline.

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Latest Stats
  • UK Credit Spread (L)
    0.00
  • GBP/USD (R)
    2021-12-07
    1.32
Feedback
Related ETF
發行地 投資標的 Price 1 Month YTD Expense ratio
Invesco CurrencyShares British Pound Sterling Trust $127.44 -1.88% -3.54% 0.40%
#Currency: GBP

Save UK - Germany Spread vs. EUR/GBP

UK 10-year government bond yield
- Germany 10-year government bond yield
= UK and Germany yield spread

Long-term government bond yield reflects the economic growth and inflation so the yield spread between two countries reflects the economic strength between them.

Germany is the largest economy in the Eurozone, so it could also represent the overall economic strength of the Eurozone.

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Latest Stats
  • UK - Germany 10Y Yield Spread (L)
    0.00
  • EUR/GBP (R)
    2021-12-07
    0.85
Feedback
Related ETF
發行地 投資標的 Price 1 Month YTD Expense ratio
Invesco CurrencyShares British Pound Sterling Trust $127.44 -1.88% -3.54% 0.40%
#Currency: GBP
Related ETF
發行地 投資標的 Price 1 Month YTD Expense ratio
Invesco CurrencyShares British Pound Sterling Trust $127.44 -1.88% -3.54% 0.40%
#Currency: GBP

Save UK Gfk Consumer Confidence Index vs. GBP/USD

US Gfk consumer confidence index (CCI) reflects consumers' views on future economic growth and their willingness to shop. Gfk CCI is the leading indicator for economic growth as consumption accounts for over 60% of UK's GDP.

Higher consumer confidence means a better economic outlook and supports the pound.

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Latest Stats
  • UK GfK Consumer Confidence Barometer (L)
    2021-11
    -14.00
  • GBP/USD (R)
    2021-12-07
    1.32
Feedback
Related ETF
發行地 投資標的 Price 1 Month YTD Expense ratio
Invesco CurrencyShares British Pound Sterling Trust $127.44 -1.88% -3.54% 0.40%
#Currency: GBP

Save UK and US ISM NMI Difference vs. GBP/USD

UK ISM PMI for service
- US ISM PMI for service
= UK - US PMI for service spread

Both countries are consumption-based economy with over 60% of GDP being consumption. When the spread stays in the positive territory, UK's service sector shows stronger performance than that of the US, which supports the pound.

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Latest Stats
  • UK NMI - US NMI (L)
    0.00
  • GBP/USD (R)
    2021-12-07
    1.32
Feedback
Related ETF
發行地 投資標的 Price 1 Month YTD Expense ratio
Invesco CurrencyShares British Pound Sterling Trust $127.44 -1.88% -3.54% 0.40%
#Currency: GBP

Save EU - UK NMI Difference vs. EUR/GBP

Eurozone PMI for service
- UK PMI for service
= UK and Eurozone PMI for service spread

UK and the major economies in the Eurozone (Germany, France, Italy, and Spain) are service-based economy. When the spread stays in the positive territory, Eurozone's service sector shows stronger performance than that of the UK, which supports the Euro.

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Latest Stats
  • EU - UK NMI Spread (L)
    0.00
  • EUR/GBP (R)
    2021-12-07
    0.85
Feedback
Related ETF
發行地 投資標的 Price 1 Month YTD Expense ratio
Invesco CurrencyShares British Pound Sterling Trust $127.44 -1.88% -3.54% 0.40%
#Currency: GBP

Save British Pound COT Index vs. GBP/USD

Speculators' net positions
- Commercials' net positions
= GBP COT Index

GBP COT Index going up means large traders are bullish about the British pounds.

See more on CoT index: https://www.macromicro.me/cot-flow

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Latest Stats
  • GBP COT Index (L)
    2021 W48
    -92,671.00
  • GBP/USD (R)
    2021-12-07
    1.32
Source
Feedback

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