Latest data released by the Confederation of British Industry - 19 December 2018
- Prior 10
- Trends selling prices 14 vs 8 expected
- Prior 9
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 grow for the second month but is weaker than that of November as Brexit uncertainty continues to weigh on the manufacturing sector. CBI cites that a rebound in export orders contributed to the growth here and notes that Brexit uncertainty still casts a "long shadow" over the sector and the rest of the economy.
A minor data point in terms of impact. GBP/USD sits at 1.2654 currently, holding a little higher on the day. EUR/GBP sits near the highs at 0.9019 as the euro continues to gain as the European Commission is set to confirm approving Italy's budget.
