Hi Livermore, from experience, nobody where I worked paid any attention to UK money supply data. The euro guys did look at the euroland data because the ECB still very much focussed on liquidity as big influencer of policy. For the UK however, the economists look at the data but the mkt impact was close to nil. Of course, things can change, but I get the feeling ever since we saw the disconnect between money supply and inflation that led to the gvt/BoE abandoning money supply targeting, money supply has become a third tier indicator at best. I wouldn't ignore it completely, but I would be very surprised if we see a mkt reaction. Still, I get the feeling there are a few economists out there who still like to analyse this data. Everyone has there own style of analysis.
The reason Nationwide house price data can be interesting is that other than the RICS survey data, this is the first set of comprehensive actual price data that is released in the month. Have to concede that house prices are on the back burner now given widespread expectations of a smooth landing, but you can always get an fx response on an outlier turnout on this data.
PS - Livermore, its great to meet a fellow 'fundamentalist'. I was pretty shocked to see the number of chartists dominating the boards !
: )
