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UK June CBI trends total orders -18 vs -25 expected

Prior -33

Manufacturing orders in the UK fell again in June but at a slower pace as compared to May at least. The balance for manufacturing output expectations also increased to 13 from 7 previously, marking the highest since October last year. CBI notes that the readings are “encouraging” and that the recovery should “broaden out over the summer”.

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

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