- Analytics
- News and Tools
- Market News
- UK: CBI Manufacturing Order Book Balance falls to -7 in August
UK: CBI Manufacturing Order Book Balance falls to -7 in August
- UK CBI Manufacturing Order Book Balance fell below 0 for the first time in over a year.
- GBP/USD continues to fluctuate in a tight range above 1.1750.
Results from the latest survey released on Tuesday by the Confederation of British Industry (CBI) of trends in British manufacturing showed that the Manufacturing Order Book Balance dropped to -7 in August from +8 in July. This reading missed Reuters' estimate of +3 and it was the first negative reading since April 2021.
Further detail of the publication revealed that the Manufacturing Export Orders Balance remained unchanged at -12 and the Price Balance for the next three months climbed to +57 from +48.
Market reaction
This report doesn't seem to be having a significant impact on the British pound's performance against the dollar. As of writing, GBP/USD was unchanged on the day at 1.1765.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
