At 12:00 (GMT+2), the July data on the industrial orders index from the Confederation of British Industrialists (CBI) will be published in the UK. The indicator is calculated based on a survey of representatives of leading British enterprises and is an important indicator of the state of business in the country. In the reporting period, the indicator is likely to moderate its decline from −45.0 points to −40.0 points, while still exerting pressure on the pound.
