• Prior -15

The decline in UK manufacturing orders is now at the weakest rate so far this year but overall conditions are still rather poor to say the least. That said, the quarterly business optimism index did improve to +6 from -2 previously and that marks the highest reading since July 2021. But the overall picture still remains subdued. As the BOE hikes rates further, that is also going to weigh on investment plans among firms.

This article was written by Justin Low at www.forexlive.com.