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Data from Bank of England. Forecasts by Sigmanomics Forecast Engine.
United KingdomUnited Kingdom BoE Asset Purchase Facility held to 375B in December 2013
Bank of EnglandMonthlyReleased December 2013
United Kingdom BoE Asset Purchase Facility held to 375B in December 2013. The reading matched the 375B consensus. Over the past 3 months, BoE Asset Purchase Facility averaged 362.5B, vs 375B in the prior 3-month window. BoE Asset Purchase Facility is now the highest in 9 months.
Latest Release
375
Actual
375
Consensus
375
Previous
Median Absolute Error
±0 billion
across last 10 releases
Last Call
Dec 2013
Predicted: 375
Actual: 375
Error: +0
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| GBP/USD | ▲ Direct | +0.50 | FOREX | Bullish GBP | → View |
| EUR/GBP | ▼ Inverse | −0.45 | FOREX | Bearish EUR | → View |
| GBP/JPY | ▲ Direct | +0.40 | FOREX | Bullish GBP | → View |
| FTSE 100 | ▲ Direct | +0.35 | INDEX | Bullish UK | → View |
| XAU/USD | ▼ Inverse | −0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
BoE Asset Purchase Facility (United Kingdom) was reported at 375.00 billion in December 2013. This matched the market consensus of 375.00 billion exactly. The reading was unchanged from the previous release.
WHY IT MATTERS
The trailing three releases averaged 366.67 billion, down from the prior three at 375.00 billion.
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). Over the last 10 releases, the Sigmacast model's median absolute error is 0.00 billion.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Inflation Rate MoM (Jun 17) and Core Inflation Rate YoY (Jun 17).
Auto-generated from current model state · Refreshes on each release · Last update December 2013.
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BoE Asset Purchase Facility - UK
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About BoE Asset Purchase Facility — United Kingdom
DEFINITION
The BoE Asset Purchase Facility is a monetary policy tool used by the Bank of England to stimulate the economy and manage inflation. It involves the purchase of assets, such as government bonds, from financial institutions in order to increase the money supply and lower interest rates. This indicator is closely monitored by investors and analysts as it can have a significant impact on the overall health of the economy.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Dec 2013): actual 375 B, consensus 375 B. Prior reading (Nov 2013): 375 B. Before that (Oct 2013): 350 B.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary neutral force in the current projection. This indicator correlates most strongly with GBP/USD (Bullish GBP, r=0.50) — a useful reference for forex-focused traders.