Correlation Analysis
U.S. Dollars to U.K. Pound Sterling Spot Exchange Rate vs Interest Rates: Long-Term Government Bond Yields: 10-Year: Main (Including Benchmark) for United Kingdom
DEXUSUK vs IRLTLT01GBM156N
+0.547
Moderate positive
When one moves up, the other tends to follow.
AI Analysis
The correlation between Series A (DEXUSUK) and Series B (IRLTLT01GBM156N) suggests a moderate relationship, indicating that changes in one series are somewhat aligned with changes in the other roughly 62% of the time. Notably, DEXUSUK tends to lead IRLTLT01GBM156N by about six months, which can be crucial for investors looking to anticipate shifts in economic conditions. However, while the correlation is meaningful, it only explains a portion of the variance, so caution should be exercised in making investment decisions solely based on this relationship, as other factors may also influence these data series.
Timing Offset
x leads y by 6 periods
DEXUSUK tends to move before IRLTLT01GBM156N.
Correlation at each lag offset (periods). Peak marked with dot.
Peak correlation at offset: +0.611 (13 lags scanned)
R-Squared
27.9%
Share of variance in one series explained by the other.
Trend Agreement
61.8%
How often both series moved in the same direction period-to-period.
Overlap Quality
662
Robust shared window — 662 usable pairs.
Significance
p < 0.001
95% CI: [0.242, 0.730] (approximate)
Time Series
Rebased to 100
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
662 paired observations survived the monthly window.
Raw input
13,850
794
Normalized
13,850
794
Prepared
663
794
Aligned
662
662
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
133
A: 1 / B: 132
Series A
DEXUSUK
U.S. Dollars to U.K. Pound Sterling Spot Exchange Rate
FRED · 13,850 raw → 663 prepared
Series B
IRLTLT01GBM156N
Interest Rates: Long-Term Government Bond Yields: 10-Year: Main (Including Benchmark) for United Kingdom
FRED · 794 raw → 794 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
6.8125
Linear regression slope.
Intercept
-4.2453
Linear regression intercept.
Saved 13 hours ago · ID: fred-dexusuk-vs-fred-irltlt01gbm156n-monthly-20260406-507n2b