UK CBI Nov trends data just out 21 Nov
- -2 prev
- trends selling prices 17 vs 18 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.
Says the CBI :
- Order books also continued to fill up.
- Total orders were, by a small margin, the strongest since August 1988, while export order books were the joint highest in more than 20 years.
- The improvement in total order books was particularly marked in food & drink and chemicals, while export order books strengthened notably in chemicals, electronics and transport goods.
Full report here
FXL gremlins messing around here atm. Apols for late posting. Data not Tier 1 but in this algo-sensitive day and age helping GBPUSD to recover from fresh session lows
Currently 1.3230 again from 1.3209 spike to 1.3242
EURGBP 0.8863 after 0.8885 return journey
