United Kingdom Narrow Money (M1): 2,397,211 GBP mn (January 2023)
United Kingdom Narrow Money (M1) came in at 2,397,211 on Jan 31, 2023, compared with 2,386,708 previously. See the full release history, chart, Bank of England context, and API access for this series.
- Actual
- 2,397,211
- Previous
- 2,386,708
- Forecast
- --
- Next release
- Nov 30, 2026
January 2023
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United Kingdom Narrow Money (M1) release chart
Readings leading into this release, with this print highlighted. Hover or tap a point for its value.

United Kingdom Narrow Money (M1) release analysis
What the release showed
United Kingdom Narrow Money (M1) came in at 2,397,211 in the release of Jan 31, 2023, up 10,503 from 2,386,708.
How it compares
Across the 3 releases shown since November 2022, readings ranged from 2,386,708 to 2,445,699.
The series rose in 1 and fell in 1 of those release-to-release moves.
Why Narrow Money (M1) matters for GBP
Rapid M1 growth can signal future inflationary pressures via the quantity theory of money. Conversely, shrinking M1 may indicate tightening monetary conditions, which reduces inflation risk but also slows economic activity.
How to read it
M1 alone is rarely a primary FX catalyst, but sustained above-trend growth is a medium-term inflation risk and may increase rate-hike probability, supporting the gbp. Contracting M1 is associated with tighter liquidity.
What to watch next
The next United Kingdom Narrow Money (M1) release is due on Nov 30, 2026.
- M1 contraction during rate-hike cycles
- Shift from M1 to M2 (money-market funds) as a tightening tell
- Year-over-year vs sequential trends
- China M1 cycle and property cycle linkage
Recent United Kingdom Narrow Money (M1) releases
Each release with the date it was published. Full history
| Released | Period | Actual | Previous | Forecast |
|---|---|---|---|---|
| Jan 31, 2023 | January 2023 | 2,397,211 | 2,386,708 | -- |
| Dec 31, 2022 | December 2022 | 2,386,708 | 2,445,699 | -- |
| Nov 30, 2022 | November 2022 | 2,445,699 | 2,468,279 | -- |
Get United Kingdom Narrow Money (M1) data as soon as it is published
This page shows the most recent releases. The API serves the full United Kingdom Narrow Money (M1) history and every other series we cover, with each row stamped with the time the official source published it.
- Full release history with actual, previous and reference period on every row.
- Publication timestamps on each announcement, so backtests only use data that was public at the time.
- Consensus forecasts joined by announcement ID to measure the surprise.
- Release calendar with confirmed times for upcoming announcements.
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Start Free Trial Read the API referenceGET https://api.fxmacrodata.com/v1/announcements/gbp/m1
import requests
resp = requests.get(
"https://api.fxmacrodata.com/v1/announcements/gbp/m1",
headers={"X-API-Key": "YOUR_API_KEY"},
timeout=30,
)
rows = resp.json()["data"]
print(rows[-1])
Match this release by announcement_id gbp_m1_2023-01-31. Forecasts for the same release: /v1/predictions/gbp/m1.
Release data snapshot
Citation fields for this announcement.
| Public release ID | gbp_m1_2023-01-31 |
|---|---|
| Release time | Exact time unavailable |
| Reference period date | 2023-01-31 |
| Actual value | 2,397,211 |
| Previous value | 2,386,708 |
| Forecast | -- |
| Surprise | -- |
More United Kingdom Narrow Money (M1) releases
Move through adjacent announcement records for the same series.
Related United Kingdom indicators
Continue from this release into adjacent macro series for the same country.
Common questions about this release
The value, its publication time, the next scheduled date, and the official publisher for United Kingdom Narrow Money (M1).
What did United Kingdom Narrow Money (M1) come in at, and how did it compare with the forecast and the previous reading?
United Kingdom Narrow Money (M1) was 2,397,211 GBP mn in January 2023. The previous reading was 2,386,708 GBP mn.
When was this United Kingdom Narrow Money (M1) release published?
The actual publication time is unavailable.
When is the next United Kingdom Narrow Money (M1) release?
The next United Kingdom Narrow Money (M1) release is scheduled for Nov 30, 2026.
What is the official source for United Kingdom Narrow Money (M1)?
Bank of England publishes the official Narrow Money (M1) series. FXMacroData stores every release with its announcement timestamp and serves it from the announcements endpoint for this series.
Raw announcement payload
Field names are preserved for traceability and downstream testing.
{
"announcement_datetime": null,
"announcement_id": "gbp_m1_2023-01-31",
"capture_time_basis": "backfill_fetch_completed",
"date": "2023-01-31",
"observed_at_ns": 1791241444350555100,
"previous_value": 2386708.0,
"publication_time_precision": "unknown",
"publication_time_status": "unknown",
"revisions": [
{
"epoch": 1677749400,
"val": 2397226.0
},
{
"capture_time_basis": "backfill_fetch_completed",
"epoch": null,
"is_first_release": false,
"observed_at_ns": 1791241444350555100,
"publication_time_precision": "unknown",
"publication_time_status": "unknown",
"val": 2397211.0,
"vintage_status": "captured_snapshot"
}
],
"val": 2397211.0,
"vintage_status": "captured_snapshot"
}