Shutterstock photo
Markets

U.K. CBI industrial order expectations fall less-than-expected in March

Shutterstock photo

Shutterstock photo

Investing.com - U.K. industrial order expectations declined less-than-expected in March, industry data showed on Thursday.

In a report, the Confederation of British Industry said its index of industrial order expectations fell to a reading of minus 15.0 in March from February's reading of minus 14.0.

Analysts had expected the index to decline to minus 17.0 in March.

On the index, a reading above 0.0 indicates increasing order volume is expected, below indicates expectations are for lower volume.

Following the release of that data, the pound held on to gains against the U.S. dollar, with GBP/USD rising 0.67% to trade at 1.5198.

Meanwhile, European stock markets remained lower. London's FTSE 100 dropped 0.7%, the EURO STOXX 50 shed 0.7%, France's CAC 40 lost 1%, while Germany's DAX retreated 0.7%.

Investing.com - Investing.com offers an extensive set of professional tools for the Forex, Commodities, Futures and the Stock Market including real-time data streaming, a comprehensive economic calendar, as well as financial news and technical & fundamental analysis by in-house experts.

Read more News on Investing.com or Follow us on Twitter at @ Newsinvesting

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

ForEx