FX.co ★ UK M4 Money Supply Bounces Back to Positive Territory in June 2024, Reaches 0.5%

The United Kingdom's M4 Money Supply showed a promising turnaround in June 2024, as it increased by 0.5%, according to the latest data updated on July 29, 2024. This marks a significant recovery from the previous month's indicator, which had recorded a decline of -0.1% in May 2024.

The shift in the M4 Money Supply, a broad measure that includes cash, bank accounts, and easily convertible assets, indicates a potential boost in financial liquidity within the UK economy. June's positive movement contrasts sharply with May's contraction, suggesting that monetary conditions might be stabilizing or improving.

Economists and financial analysts will be closely monitoring this metric in the coming months to assess whether this upward trend continues and what it implies for the broader economic outlook in the UK. The month-over-month comparison underscores the importance of these shifts, as changes in the money supply can have profound impacts on economic activity, inflation, and monetary policy.