Investing.com - U.K. industrial order expectations declined significantly in April, falling to the lowest level since November 2010, industry data showed on Tuesday.
In a report, the Confederation of British Industry said its index of industrial order expectations fell to a reading of minus 25.0 in April from March’s reading of minus 15.0.
Analysts had expected the index to improve to minus 14.0 in April.
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 losses against the U.S. dollar, with GBP/USD shedding 0.42% to trade at 1.5225.
Meanwhile, European stock markets remained higher. London’s FTSE 100 added 0.8%, the EURO STOXX 50 rose 1.2%, France’s CAC 40 rallied 1.5%, while Germany's DAX advanced 0.5%.
In a report, the Confederation of British Industry said its index of industrial order expectations fell to a reading of minus 25.0 in April from March’s reading of minus 15.0.
Analysts had expected the index to improve to minus 14.0 in April.
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 losses against the U.S. dollar, with GBP/USD shedding 0.42% to trade at 1.5225.
Meanwhile, European stock markets remained higher. London’s FTSE 100 added 0.8%, the EURO STOXX 50 rose 1.2%, France’s CAC 40 rallied 1.5%, while Germany's DAX advanced 0.5%.