Forex Trading News – Strong CBI Distributive Trades Survey Results

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The results of a Trade Survey conducted by the Confederation of British Industry for the month of April in the UK have been released. The announced value of 21 was noticeably greater than the 15 value the survey of March has reported. Following the announcement the markets did not generate any significant volatility as this indicator is not considered that important and the low PMI figures earlier are dominating the British markets.

The CBI Distributive Trades Survey provides an estimate of short-term trends in the retail and wholesale distribution sector in United Kingdom . The results of the survey have a tendency to affect the economic policy decisions at the Bank of England and the Government. Often, a high value is associated by hawkish behavior of the currency.