On Jan 18th 2011 at 0.01GMT there was another Nationwide Consumer Confidence report released for the previous period. The current value of the indicator is 53pts.
Last month 45pts Forecast 51pts
Nationwide Consumer Confidence is an indicator based on common consumers’ opinions on what is going on in the British economy at the moment. These opinions serve as some kind of the basis of what consumer sentiments the manufacturers will have to count on in the near future. The value of May 2000 serves as the standard, which gave the index a 100-point value. 
The obtained data are actively used to determine the value of the Consumer Spending indicator, and further on, including inflation, which eventually gives us an opportunity to define the value of the British Pound.
As one of the constituents of complex processes, the index value has a “medium” impact on the currency market.
As a rule, any increase in the value allows traders to look for an opportunity to open long positions for GBPUSD and other GBP-related currencies.
The data are published once a month, approximately on the 12th day.
