Latest data released by the Confederation of British Industry - 23 October 2018

  • Prior -1
  • Trends selling prices 10 vs 15 expected
  • Prior 13

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.

A bit of a rough one there on expected orders to come, with business optimism also falling from -3 in September to -16 in October. The pace in which business optimism fell over the month is at its fastest pace since the Brexit vote in 2016. And this comes as we enter arguably the most uncertain period regarding a Brexit deal since negotiations began.

Not a release that matters all too much on a day like this. Cable still holds near the highs at 1.2992, EUR/GBP is off the lows at 0.8837 and GBP/JPY likewise at 145.89.