Latest data released by the Confederation of British Industry - 23 January 2018
- Prior 17
- Trends selling prices 40 vs 23 prior
- Business optimism 13 vs -11 prior
Readings above 0 indicates optimism while below indicates pessimism.
The headline is a survey on manufacturers to rate the level of volume for orders expected during the next 3 months. Not a major data point, just a rough indicator of sentiment - though a volatile one as well.
Some positive numbers from the survey as manufacturers see expected prices balance at 40, the highest reading since 1984. Nonetheless, a minor data point as sterling isn't too phased. It's a forward looking indicator, so we'll get to it when we get there I guess.
GBP/USD at 1.3949 while EUR/GBP is at 0.8778 - barely any movement.