UK factory orders drop to a 3 month low

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 27, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
    Likes Received:
    Yesterday we saw UK factory orders drop for the 3 months leading up to October – this is the steepest decline for three years which has come about due to a weaker global economy, a stronger pound, and reduced domestic demand. A drop in exports has had a particular impact on manufacturing – now hitting the worst level since April’13 – which is perhaps worrying for the UK’s bigger economic picture. It didn’t translate into wild swings for GBP, although we didn’t see any data of high importance

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