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UK CBI reported sales slide- GBP/USD slips

The latest sales report from the UK CBI (Confederation of British Industry) has not long ago been released and it was a very disappointing number. The sales index slumped to -44. The markets had expected a reading of around +2, which is where it was last time. The Pound reacted to the data too, which is not always the case. This news has taken the heat out of the recent rise, but in real terms, not by that much yet. Of course, the US data later this afternoon is very much in play for the GBP/USD too. That might explain modest move lower following this data. The GBP/USD is currently trading at 1.2513 as the EUR/GBP edges off recent lows 

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