Latest data released by CBI – 20 March 2019
- Prior 6
- Trends selling prices 7
- Prior 22
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.
Factory orders slipped despite the fact that export orders for March recorded +8 compared to the +1 in February. Once again, Brexit uncertainty continues to weigh on the outlook of the UK industrial sector and that is still very much reflected in sentiment here.
Not a major release by any means though. GBP/USD sits at 1.3241 currently, off lows earlier around 1.3215-20 levels with support around 1.3216 still holding firm.