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United Kingdom M4 Money Supply MoM fell to 0.2% in April 2026, released June 2026, down 0.6% from March's 0.8% reading. The reading missed the 0.6% consensus by 0.4%. The print is running well below the 12-month average of 0.32%. Over the past 3 months, M4 Money Supply MoM averaged 0.7%, vs 0.33% in the prior 3-month window. The reading is in the 44th percentile of the trailing 24-month range.
across last 12 releases
Jun 2026
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.73 | INDEX | Bullish S&P 500 | → View |
| DAX | ▲ Direct | +0.61 | INDEX | Bullish DAX | → View |
| FTSE 100 | ▲ Direct | +0.58 | INDEX | Bullish FTSE 100 | → View |
| GBP/JPY | ▼ Inverse | −0.46 | FOREX | Bearish GBP | → View |
| Euro STOXX 50 | ▲ Direct | +0.43 | INDEX | Bullish Euro STOXX 50 | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
M4 Money Supply MoM (United Kingdom) was reported at 0.2% in June 2026. This missed the market consensus of 0.6% by 0.4%. The reading fell from the previous value of 0.8%. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged 0.29%, ranging from -0.2% to 0.8% across 11 releases.
The trailing three releases averaged 0.23%, down from the prior three at 0.3%. Volatility over the past year (σ 0.29%) is lower than the prior year (σ 0.39%). In June readings over the past 3 years, M4 Money Supply MoM has averaged 0.13%.
Historically, this indicator is positively correlated with S&P 500 (Bullish S&P 500). A secondary relationship exists with DAX, positively correlated (Bullish DAX). Over the last 12 releases, the Sigmacast model's median absolute error is 0.31%.
The next release is scheduled for June 29, 2026. 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 June 2026.
M4 Money Supply MoM is a financial indicator that measures the month-over-month change in the broadest measure of money supply in an economy. It includes all physical currency, demand deposits, time deposits, and other liquid assets held by households, businesses, and financial institutions. This indicator provides valuable insights into the overall liquidity and spending power of an economy, making it a key tool for analyzing monetary policy and economic growth.
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.
Latest reading (Apr 2026): actual 0.2 %, consensus 0.6 %. Prior reading (Mar 2026): 0.8 %. Before that (Feb 2026): 0.6 %.
Sigmacast's 1-month forecast points to a materially higher 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 tailwind in the current projection. This indicator correlates most strongly with S&P 500 (Bullish S&P 500, r=0.73) — a useful reference for index-focused traders.
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| Wednesday, June 17, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:00 | PPI Core Output MoM | 0.7 | 0.5 | 0.50 | Low | ||
| 06:00 | PPI Core Output YoY | 2.4 | 2.4 | 2.40 | Low | ||
| 06:00 | PPI Output YoY | 4 | 4.5 | 4.50 | Low | ||
| 06:00 | PPI Input YoY | 7.7 | 8 | 8.00 | Low | ||
| 06:00 | PPI Output MoM | 1.4 | 0.5 | 0.50 | Low | ||
| 06:00 | Retail Price Index YoY | 3 | 3.3 | 3.30 | Low | ||
| 06:00 | Retail Price Index MoM | 0.7 | 0.5 | 0.50 | Low | ||
| 06:00 | PPI Input MoM | 2.4 | 0.5 | 0.50 | Low | ||
| 06:00 | Inflation Rate MoM | 0.7 | 0.5 | 0.50 | Medium | ||
| 06:00 | Core Inflation Rate YoY | 2.5 | 2.7 | 2.70 | Medium | ||
| 06:00 | Core Inflation Rate MoM | 0.7 | 0.3 | 0.30 | Low | ||
| 06:00 | Inflation Rate YoY | 2.8 | 3 | 3.00 | High | ||
| 06:00 | CPI YoY | 2.8 | 3 | 3.00 | High | ||
| 08:30 | House Price Index YoY | 0 | 2.8 | 2.80 | Low | ||
| Thursday, June 18, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 06:00 | Employment Change | 148 | 80 | 124.00 | Medium | ||
| 06:00 | Claimant Count Change | 26.5 | 25.8 | 25.25 | Low | ||
| 06:00 | Average Earnings excl. Bonus | 3.4 | 3.3 | 3.20 | Low | ||
| 06:00 | HMRC Payrolls Change | -100 | -80 | -80.00 | Low | ||
| 06:00 | Unemployment Rate | 5 | 5 | 4.95 | High | ||
| 06:00 | Average Earnings incl. Bonus | 4.1 | 4 | 4.00 | Medium | ||
| 11:00 | BoE Interest Rate Decision | 3.75 | 3.75 | 3.75 | High | ||
| 11:00 | BoE MPC Vote Hike | 19 | 29 | 29.00 | Medium | ||
| 11:00 | BoE MPC Vote Unchanged | 89 | 79 | 79.00 | Medium | ||
| 11:00 | BoE MPC Vote Cut | 9 | 9 | 9.00 | Medium | ||