Latest CBI trends data now out
- -1 prev
- mftg output expectations balance +9, lowest since Oct 2013 vs+14 in August
- selling prices -8 vs -5 exp vs -6 prev
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.
Weaker than expected data but not Tier 1. GBP still on the back foot though and this release will add to the bearish sentiment this morning
GBPUSD 1.5464 EURGBP 0.7230 GBPJPY 185.17
