New data M4 Money Supply MoM (Oct)
11/29/2024
actual -0.1, previous 0.5
The event is the M4 Money Supply MoM (Month-over-Month) for the UK, with a scheduled release date of November 29, 2024, at 09:30 AM. The M4 Money Supply measures the total quantity of money in circulation within an economy.- **Actual**: The actual value reported for this month is -0.1%, indicating a decrease in the money supply compared to the previous month.
- **Previous**: The previous month's value was 0.5%.
- **Estimate**: The market consensus or expectation for this month was an increase of 0.4%.
- **Change**: The difference between the previous value and the actual value is -0.6%.
- **Change Percentage**: The percentage change from the previous value to the actual value is -120%.
- **Impact**: This event is categorized as having a low impact on the market, meaning it may not significantly move the market unless the actual value deviates greatly from the estimates.
Overall, the decrease in the M4 Money Supply MoM suggests a contraction in the money supply in the UK economy for the reported month, which can have implications for economic activity and monetary policy.
This is not investment advice. Remember to verify the information provided here.
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