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The Bank of England has built a new daily Monetary and Financial Conditions Index to track how asset prices and credit affect the UK economy. The index is weighted by each variable's marginal impact on UK GDP and includes sterling.
The post explains how the index can be decomposed to show the drivers of changes in financial conditions.
This is a methodology note on a central bank analysis tool and does not signal a new move in prices or supply for feed commodities.
bankofengland.co.ukJul 19, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
