Latest data released by the Confederation of British Industry – 24 September 2018
- Prior 7
- Trends selling prices 13
- Prior 15
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 slump to a four-month low with the manufacturing export order book balance coming in at +5 vs the +9 reading in August. That’s the weakest export order book balance since October 2017. Price balance dipped slightly from +15 in August to +13 in September, nothing too significant there.
Not too encouraging a sign given the context of where we are in Brexit talks now. But it’s not going to do much to derail the pound’s gains today really. GBP/USD still trading at the highs at 1.3122, EUR/GBP at 0.8970 while GBP/JPY is similarly near the highs at 147.87.