Strong pound and eurozone crisis mean more companies expect abroad orders to drop rather than rise,according to CBI pollA strong pound and turmoil in the eurozone have left British manufacturers feeling gloomiest for nearly four years on demand for exports, according to a business survey.
In the latest evidence that exporters are facing a number of challenges, or the CBIs latest quarterly snapshot of manufacturers suggested new abroad orders picked up in the three months to July but that the outlook is gloomier. It highlighted the rise in sterling,which continues to execute UK goods more expensive to abroad buyers.
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Source: theguardian.com