📉 UK Factory Orders Drop to 10-Month Low
UK factory orders fell sharply, reaching their weakest level in 10 months, reflecting continued strain on manufacturing amid slowing demand and persistent cost pressures.
We’re seeing tighter financial conditions and softer export activity weighing on industrial output. The decline adds pressure on policymakers as the Bank of England monitors how weaker production could impact growth and inflation expectations.
Market participants remain cautious, with GBP sentiment slightly dampened as traders reassess the outlook for future rate moves.
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