Latest data released by the Confederation of British Industry - 22 May 2018
- Prior 4
- Trends selling prices 19 vs 18 expected
- Prior 18
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 miss on factory orders, as it falls to the lowest level since November 2016. Manufacturers not exactly displaying a ray of optimism there. A minor data point though. GBP/USD still at 1.3475 after having climbed to a high of 1.3492 earlier in the session before falling to 1.3458.
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