FX.co ★ UK M4 Money Supply Decreases by 0.6% in January 2024

According to the latest data released by the Bank of England, the M4 Money Supply in the United Kingdom decreased by 0.6% in January 2024 compared to December 2023. The previous indicator had shown a growth of 0.5% in December 2023 but took a downturn, reaching -0.1% in January 2024. This change marks a significant shift in the country's money supply dynamics. The data was updated on 29 February 2024, highlighting a Month-over-Month comparison period. The M4 Money Supply is a critical indicator of the total amount of money circulating in the economy, and this recent decline may have implications for the UK's economic performance in the upcoming months.