UK CBI trends total orders May 9 vs 4 exp
UK CBI trends data report 19 May
- 4 prev
- selling prices 23 vs 29 exp/prev
Not prime data. A mixed bag in any case so unlikely to make GBP impact
GBPUSD 1.3008 capping at those 1.3020 offers. GBJPY selling too as USDJPY runs into its own offers at 111.60 that I've been highlighting.
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 550 manufacturers.