UK CBI Oct industrial trends data now out 23 Oct
- 7 prev
- trends selling prices 18 as prev
- business optimism -11 vs 5 prev
Soggy report with the B word causing justifiable concern among UK businesses as I reported earlier.
GBPUSD 1.3172 near session lows but still getting support from a soggy EURGBP and some GBPJPY demand.
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 500 manufacturers.
