UK CBI July trends data now out 25 July

  • 16 prev
  • trends selling prices 9 vs 20 exp vs 23 prev
  • business optimism 5 vs 0 exp vs 1 prev
  • mftg export order book +2 vs +13 prev, weakest since Feb
  • output expectations +28 vs +27 prev
  • quarterly new orders balance +14 vs +25 prev

GBPUSD down to 1.3008 on the weaker than expected headlines with EURGBP lifting up into 0.8958 session highs

Expect 1.3000-50 to hold for a while yet.

The Confederation of British Industry (CBI) Industrial Trends Orders measures the economic expectations of the manufacturing executives in the U.K. It is a leading indicator of business 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 about 550 manufacturers.

UK CBI trends orders mm