UK Faces Calls From Traders to End Pre-Market Data Releases
- Statistics watchdog is set to deliver verdict in early 2025
- BOE panel supports later release times amid liquidity concerns
The UK is expected to decide early in the new year whether it will continue to release key economic data before financial markets open, a practice that investors say spurs volatility that also feeds through to the real economy.
The statistics regulator said it will share its verdict early in 2025 after considering evidence from the Office for National Statistics, which compiles the figures. Currently, data are released at 7 a.m. in London, half an hour before sterling interest-rate markets open and an hour ahead of UK government bonds.