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