FXMarketAlerts Team
FXMarketAlerts
Published at 10:06 (GMT) 27 Apr
A minor weight on GBP as the CBI industrial trends survey shows the manufacturing order book balance up +1.0 vs flat in Mar, though the market was expecting +4.0. This does not seem to have harmed the Pound in any major way, though the lacklustre tone across the currency spectrum has been pretty evident from the early exchanges. Cable lows ahead of 1.5125 are still intact but look likely to be extended, as does EUR/GBP on the topside after we tipped .7170 earlier on.
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