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Parliamentary Election

The U.K. Parliamentary Election released by the United Kingdom Parliament elects 650 members to the United Kingdom's Lower House of Parliament. It is a significant event to determine the appropriate stance of monetary policy and assesses the risks to its long-run goals of price stability and sustainable economic growth in the u.K. The election might affect the GBP volatility.

Thursday 4 July 2024 00:00

Trading range

Past events

Date
Thursday 4 July 2024 00:00

Economic context

Recent economic data has been moderately bullish for GBP. The following recent announcements may affect the market reaction to Parliamentary Election:

PreviousLatest
S&P Global/CIPS Composite PMIBearish change50.650.5
S&P Global/CIPS Manufacturing PMIBearish change48.346.4
S&P Global/CIPS Services PMIBullish change50.951.1
Retail Sales (MoM)Bullish change-0.6%1.7%
Retail Sales (YoY)Bearish change2.8%1%
Retail Sales ex-Fuel (MoM)Bullish change-0.9%2.1%
Retail Sales ex-Fuel (YoY)Bearish change2.1%1.2%
GfK Consumer ConfidenceBullish change-22-20
Consumer Price Index (MoM)Bearish change0.3%-0.1%
Consumer Price Index (YoY)Bullish change2.5%3%
Core Consumer Price Index (YoY)Bullish change3.2%3.7%
PPI Core Output (MoM) n.s.aBullish change0%0.3%
PPI Core Output (YoY) n.s.a Bearish change1.6%1.5%
Producer Price Index - Output (MoM) n.s.aBullish change-0.2%0.5%
Producer Price Index - Output (YoY) n.s.aBullish change-0.1%0.3%
Retail Price Index (MoM)Bearish change0.3%-0.1%
Retail Price Index (YoY)Bullish change3.5%3.6%
Average Earnings Excluding Bonus (3Mo/Yr)Bullish change5.6%5.9%
Average Earnings Including Bonus (3Mo/Yr)Bullish change5.6%6%
Claimant Count ChangeBearish change-15.1K22K
Claimant Count RateBearish change4.5%4.6%
Employment Change (3M)Bullish change35K107K
ILO Unemployment Rate (3M)(no change)4.4%4.4%
Gross Domestic Product (MoM)Bullish change0.1%0.4%
Gross Domestic Product (QoQ)Bullish change0%0.1%
Gross Domestic Product (YoY)Bullish change1%1.4%
Industrial Production (MoM)Bullish change-0.5%0.5%
Manufacturing Production (MoM)Bullish change-0.3%0.7%
BRC Like-For-Like Retail Sales (YoY)Bearish change3.1%2.5%

About Parliamentary Election

Country:United Kingdom
Currency:GBP
Source:
Category:Politics
Frequency:Irregular
 
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