UK: CBI Industrial Trends Survey – Orders slides to -15 in March

FXstreet.com (Barcelona) - The UK CBI Industrial Trends Survey – Orders dropped a notch to -15 in March from -14 in February, according to the Confederation of British Industry's official release. This result is more positive than the projected decline to -17.

Mar 21, 2013

Forex: EUR/GBP downside held by 0.8500 after UK data

The data load from the UK and the EMU has been fully released and the EUR/GBP was able to hold against further downside at the 0.8500 psychological level. Today’s drop from 0.8566 opening level was due to EUR weakness on Markit PMI data and GBP strength on improving UK retail sales.

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Mar 21, 2013

Forex: GBP/USD working on the 1.5200 handle

After a first spike high to 1.5200 area on better retail sales than expected, the GBP/USD is now back to the psychological level with a more sustained approach, up by +0.70% on the day. UK CBI industrial orders fell from -14 to -15, but came in better than the expected -17. UK PSNB rose from £-10.263B to £4.356B in February, but was much less than the expected £8.250B.

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