The CBI Business Optimism Index measures the overall sentiment of manufacturers in the United Kingdom regarding future business conditions, reported quarterly. It is derived from a survey of around 400 companies and reflects confidence in investment, output, employment, and general business situations. Higher index readings indicate stronger optimism, which can provide insight into future economic activity.
A higher than expected figure should be seen as positive (bullish) for the GBP while a lower than expected figure should be seen as negative (bearish) for the GBP.