Investing.com – Industrial order expectations fell significantly more-than-expected in the U.K. in October, industry data showed on Tuesday.
In a report, the Confederation of British Industry said its index of industrial order expectations tumbled to -28 in October, after falling to -17 in September.
Analysts had expected the index to decline to -19 in October.
A reading above zero on the index indicates increasing order volume is expected, below indicates expectations are for lower volume.
Following the release of the data, the pound was down against the U.S. dollar, with GBP/USD shedding 0.55% to hit 1.5788.
In a report, the Confederation of British Industry said its index of industrial order expectations tumbled to -28 in October, after falling to -17 in September.
Analysts had expected the index to decline to -19 in October.
A reading above zero on the index indicates increasing order volume is expected, below indicates expectations are for lower volume.
Following the release of the data, the pound was down against the U.S. dollar, with GBP/USD shedding 0.55% to hit 1.5788.