UK CBI Oct industrial trends data now 23 Oct
- 7 prev
- price trends of sale to 18 years prev
- business optimism -11 vs 5 prev
Soggy relation with the word B causing justifiable concern among BRITISH companies, as I reported earlier.
GBPUSD 1.3172 near session lows, but still get the support of a soggy EURGBP and some GBPJPY demand.
The Confederation of British Industry (CBI) Industrial Trends Orders measures the economic expectations of manufacturing executives in the uk It is a leading indicator of economic conditions. A level above zero indicates order volume is expected to increase; a level below zero indicates expectations are for lower volumes. The reading is compiled from a survey of nearly 500 manufacturers.
Full study here