The Confederation of British Industry’s latest ‘Industrial Trends Survey – Total Orders’ came in at -5 in April following March’s 1 reading and fell short of the market expectation of 3. According to the CBI, a reading below 0 indicates pessimism. Other details of the report revealed that Business Optimism improved slightly to -13 from -23 and Selling Prices fell to 1 to miss the analysts’ estimate of 8. Commenting on the performance of the manufacturing sector, “It’s encouraging that securing a Brexit extension has removed the cliff edge of a no-deal for now. However, it does not give manufacturers the longer-term certainty that they desperately need to invest in their businesses. For the good of the UK manufacturing sector, politicians must use this time well and come back with a renewed effort to get a deal over the line,” Rain Newton-Smith, CBI Chief Economist, said. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next WTI: Sellers remain in control near $ 64, US data in focus FX Street 4 years The Confederation of British Industry's latest 'Industrial Trends Survey - Total Orders' came in at -5 in April following March's 1 reading and fell short of the market expectation of 3. According to the CBI, a reading below 0 indicates pessimism. Other details of the report revealed that Business Optimism improved slightly to -13 from -23 and Selling Prices fell to 1 to miss the analysts' estimate of 8. Commenting on the performance of the manufacturing sector, "It's encouraging that securing a Brexit extension has removed the cliff edge of a no-deal for now. However, it does not give manufacturers… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
