UK CBI manufacturing order book balance weaker than expected

UK CBI manufacturing order book balance has come in at -51 in October, compared to -48 in September, and below the median forecast of -45.

Output expectations balance however has come in at +4 from previous -2, the highest read since March 2008.

Quarterly business situation balance also nicely improved, at +10 from -16 in July, highest read since April 2007.

Cable has slipped back a little, presently down at 1.6535.