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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United KingdomUnited Kingdom Public Sector Borrowing MoM held to 4.9B in March 2014
FMPMonthlyReleased April 2014
United Kingdom Public Sector Borrowing MoM held to 4.9B in March 2014, released April 2014. The reading missed the 9.1B consensus by 4.2B.
Latest Release
4.9
Actual
9.1
Consensus
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 | 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
Public Sector Borrowing MoM (United Kingdom) was reported at 4.90 billion in April 2014. This missed the market consensus of 9.10 billion by 4.20 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).
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 April 2014.
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Public Sector Borrowing MoM - UK
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About Public Sector Borrowing MoM — United Kingdom
DEFINITION
Public Sector Borrowing MoM is a financial indicator that measures the change in the amount of money borrowed by the government in a specific month. It provides insight into the government's current borrowing and spending habits, which can have a significant impact on the overall economy. This indicator is closely monitored by investors, economists, and policymakers as it reflects the government's fiscal health and its ability to manage debt. A positive change in Public Sector Borrowing MoM may indicate economic growth, while a negative change may signal potential financial challenges for the government.
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 (Mar 2014): actual 4.9 B, consensus 9.1 B.
WHAT'S NEXT
This indicator correlates most strongly with GBP/USD (Bullish GBP, r=0.50) — a useful reference for forex-focused traders.