Investing.com - U.K. industrial order expectations improved less-than-expected in May, industry data showed on Wednesday.
In a report, the Confederation of British Industry said its index of industrial order expectations improved to a reading of minus 20.0 in May from April’s reading of minus 25.0, which was the lowest since November 2010.
Analysts had expected the index to improve to minus 19.0 in May.
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 0.37% to trade at 1.5097.
Meanwhile, European stock markets remained lower. London’s FTSE 100 fell 0.25%, the EURO STOXX 50 shed 0.5%, France’s CAC 40 dipped 0.6%, while Germany's DAX slumped 0.3%.
In a report, the Confederation of British Industry said its index of industrial order expectations improved to a reading of minus 20.0 in May from April’s reading of minus 25.0, which was the lowest since November 2010.
Analysts had expected the index to improve to minus 19.0 in May.
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 0.37% to trade at 1.5097.
Meanwhile, European stock markets remained lower. London’s FTSE 100 fell 0.25%, the EURO STOXX 50 shed 0.5%, France’s CAC 40 dipped 0.6%, while Germany's DAX slumped 0.3%.