United Kingdom GBP

United Kingdom Summer Bank Holiday

Impact:
Low

Next Release:

Date:
Period:
What Does It Measure?
The United Kingdom Summer Bank Holiday is a public holiday that measures the impact of seasonal breaks on various economic activities such as retail sales, tourism, and local business operations. It primarily assesses the patterns of consumer spending and employment, particularly in the service sector, during a traditionally busy vacation period.
Frequency
The Summer Bank Holiday occurs annually on the last Monday of August, with the data and impact typically analyzed in the weeks following the holiday.
Why Do Traders Care?
Traders focus on the Summer Bank Holiday due to its significance in assessing consumer confidence and spending levels, which can influence retail stocks and broader economic indicators. The holiday often results in increased sales and activity in recreational sectors, impacting currencies and financial market sentiment.
What Is It Derived From?
The economic effects of the Summer Bank Holiday are derived from consumer spending data collected through surveys conducted with businesses in the retail and service sectors, along with analyses of foot traffic and occupancy rates in tourist areas. These figures are often supplemented by regional economic performance data and reports from financial institutions.
Description
The Summer Bank Holiday represents a period where businesses often see fluctuations in consumer behavior, with many people taking time off work to travel, shop, or enjoy leisure activities. This holiday is crucial for assessing short-term economic health, as many sectors, particularly retail, hospitality, and tourism, rely heavily on the surge in activities fueled by public holidays and seasonal events.
Additional Notes
The Summer Bank Holiday serves as a coincident economic measure, reflecting real-time consumer behavior and spending patterns. Its relevance is highlighted when compared to other public holidays and their effects on economic indicators, which can vary year-over-year or against national trends of spending and economic activity.

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