wrapper

CBI Industrial Order Expectations survey showed a balance of -17%

Monday, Feb 22 2016
According to the latest  CBI survey 12% of firms reported total order books to be above normal, and 29% said they were below normal, giving a balance of -17%. This was around average (-15%), and similar to January (-15%). Rain Newton-Smith, CBI Director of Economics, said: “Demand and output have remained relatively unchanged from January’s performance. The challenging outlook for the manufacturing sector has stabilised a little, with sterling having depreciated, but Britain’s manufacturers are still facing a difficult global situation.
 “Next month’s Budget gives the Government a good opportunity to give a helping hand to the manufacturing sector, by tackling the UK’s outdated Business Rates regime, and supporting investment through increasing the scope of capital allowances. Despite the turbulence in emerging markets, economies such as China still represent a huge opportunity for British industry. A National Exports Commission, bringing businesses, trade experts and politicians around the table to advise on the policies needed to boost our export performance, would support manufacturers in selling their goods to key markets around the globe.”
 
Sterling is currently being traded around 1.41 area. Pair is likely to find support around 1.4050 handle and resistance above 1.4180 level. There will be no major data releases later today.
More in this category: « German and French PMI fell in February Investors eyeing developments in China »

Latest from Editor

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.