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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United KingdomUnited Kingdom 2-Year Treasury Gilt Auction held to 3.56 in August 2024
FMPMonthlyReleased September 2024
United Kingdom 2-Year Treasury Gilt Auction held to 3.56 in August 2024, released September 2024.
Latest Release
3.559000
Actual
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Consensus
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Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| GBP/USD | ▲ Direct | +0.50 | FOREX | Moves with | → View |
| EUR/GBP | ▼ Inverse | −0.45 | FOREX | Moves against | → View |
| GBP/JPY | ▲ Direct | +0.40 | FOREX | Moves with | → View |
| FTSE 100 | ▲ Direct | +0.35 | INDEX | Moves with | → View |
| XAU/USD | ▼ Inverse | −0.30 | COMMODITIES | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
2-Year Treasury Gilt Auction (United Kingdom) was reported at 3.56 in September 2024.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 4.46, down from the prior three at 4.89.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with GBP/USD (Bullish GBP). A secondary relationship exists with EUR/GBP, negatively correlated (Bearish EUR).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include CBI Industrial Trends Orders (Aug 20) and Consumer Confidence (Aug 20).
Auto-generated from current model state · Refreshes on each release · Last update September 2024.
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2-Year Treasury Gilt Auction - UK
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About 2-Year Treasury Gilt Auction — United Kingdom
DEFINITION
The 2-Year Treasury Gilt Auction is a financial indicator that measures the demand and interest rates for UK government bonds with a maturity of two years. This auction is held regularly by the UK Debt Management Office to raise funds for the government and serves as an important benchmark for short-term interest rates in the UK economy. Investors closely monitor the results of these auctions as they provide insight into the current market sentiment and expectations for future economic conditions.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Sep 2024): actual 3.559 %. Prior reading (Nov 2023): 4.554 %. Before that (Aug 2023): 5.272 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with GBP/USD (Bullish GBP, r=0.50) — a useful reference for forex-focused traders.
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Economic Calendar - UK Events
| Wednesday, August 19, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:00 | UK | Core Inflation Rate MoM | 0.2 | 0.3 | 0.1 | 0.15 | Low |
| 06:00 | UK | PPI Output YoY | 3.1 | 3.5 | 3.2 | 3.15 | Low |
| 06:00 | UK | Retail Price Index YoY | 3.2 | 3 | 3.3 | 3.25 | Low |
| 06:00 | UK | PPI Core Output MoM | 0.6 | 0.5 | 0.5 | 0.55 | Low |
| 06:00 | UK | PPI Output MoM | 0.2 | -0.1 | 0.2 | 0.20 | Low |
| 06:00 | UK | Inflation Rate MoM | 0.3 | 0.1 | 0.3 | 0.30 | Medium |
| 06:00 | UK | PPI Input YoY | 4.9 | 7.4 | 6.6 | 5.75 | Low |
| 06:00 | UK | PPI Core Output YoY | 2.8 | 2.6 | 2.7 | 2.75 | Low |
| 06:00 | UK | Inflation Rate YoY | 2.9 | 2.6 | 2.9 | 2.90 | High |
| 06:00 | UK | Retail Price Index MoM | 0.6 | 0.3 | 0.8 | 0.70 | Low |
| 06:00 | UK | PPI Input MoM | -1.7 | -1.9 | 0 | -0.85 | Low |
| 06:00 | UK | Core Inflation Rate YoY | 2.6 | 2.6 | 2.5 | 2.55 | Medium |
| 06:00 | UK | Core CPI YoY | 2.6 | 2.6 | 2.5 | 2.55 | Low |
| 06:00 | UK | Core CPI MoM | 0.2 | 0.3 | 0.1 | 0.15 | Low |
| 06:00 | UK | CPI MoM | 0.3 | 0.1 | 0.3 | 0.30 | Medium |
| 06:00 | UK | CPI YoY | 2.9 | 2.6 | 2.9 | 2.90 | High |
| 08:30 | UK | House Price Index YoY | 2 | 2.7 | 1.9 | 1.95 | Low |
| Thursday, August 20, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 10:00 | UK | CBI Industrial Trends Orders | -45 | -40 | -40.50 | Medium | |
| 23:01 | UK | Consumer Confidence | -17 | -18 | -15.50 | Medium | |
| Friday, August 21, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 06:00 | UK | Retail Sales Ex Fuel YoY | 5.4 | 3.3 | 3.10 | Low | |
| 06:00 | UK | Retail Sales Ex Fuel MoM | 1.1 | -0.5 | -0.55 | Low | |
| 06:00 | UK | Public Sector Net Borrowing | -16 | 0 | -1.70 | Low | |
| 06:00 | UK | Retail Sales YoY | 4.2 | 2.2 | 2.10 | Medium | |
| 06:00 | UK | Retail Sales MoM | 1 | -0.5 | -0.85 | High | |
| 08:30 | UK | S&P Global Manufacturing PMI | 51.9 | 51.5 | 51.85 | High | |
| 08:30 | UK | S&P Global Services PMI | 52.1 | 51.8 | 49.90 | High | |
| 08:30 | UK | S&P Global Composite PMI | 52.2 | 51.6 | 50.05 | Low | |