United Kingdom GBP

United Kingdom New Year's Day

Info

History

Chart

Impact:

Low

Latest Release:

Date:

Actual:

Forecast:

Previous/Revision:

Period:

What Does It Measure?

New Year's Day in the United Kingdom does not function as a traditional economic indicator, but its effects can be considered on seasonal trends in various sectors, particularly retail and hospitality. It typically measures the economic activities linked to consumer spending, employment, and leisure activities during the first day of the year, providing insight into post-holiday economic behavior on a national scale.

Frequency

This event occurs annually on January 1st, and because it is a holiday, there is no formal report or data release associated with it, but its consequences may be reflected in subsequent economic reports.

Why Do Traders Care?

Traders may analyze the economic outcomes related to New Year's Day as it reflects consumer spending habits and economic health after the holiday season. Increased retail sales and activity can lead to positive market sentiment, potentially impacting currencies like the GBP and affecting associated stocks in the retail sector.

What Is It Derived From?

The economic implications of New Year's Day are derived from various sources of data, including retail sales reports, consumer surveys, and hospitality revenues observed during the festive period. These figures correlate with public spending and consumer sentiment, indicating broader economic conditions in the UK.

Description

As a national holiday, New Year's Day indirectly influences economic metrics through spending patterns, particularly in retail, hospitality, and entertainment. While there is no formal economic measure taken on this day, the resultant spirit of consumerism contributes to trends that may be examined in retail statistics and broader economic analyses throughout January.

Additional Notes

New Year’s Day can act as a coincident indicator of economic health, reflecting the immediate effects of consumer spending after the holiday season. Its relevance is observed in comparisons with upcoming economic reports, such as year-end sales figures and consumer confidence indices, which help to evaluate overall economic trends.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Time	Actual	Forecast	Previous	Surprise
Jan 01, 2019
Jan 01, 2018
Jan 01, 2017
Jan 01, 2016