Nationwide Building Society (latest release)

Measures Level of a composite index based on surveyed consumers;

Usual Effect Actual > Forecast = Good for currency;

Frequency Released monthly, about 12 days after the month ends;

Source first released in Aug 2005 and changed series from non-seasonally adjusted to seasonally adjusted as of Jul 2008;

Why Traders Care Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity;

Derived Via Survey of about 1,000 consumers which asks respondents to rate the relative level of current and future economic conditions;