CBI finds export orders at joint highest level since December 2013,with boost from post-Brexit vote decline in value of poundUK factories enjoy cashed in on the sharp fall in the pound since the Brexit vote, with export orders at the joint highest level in three and a half years.
The stronger than expected findings from a survey by the CBI, and the UK commerce trade body,suggest manufacturers had a decent start to the second quarter, boosting hopes that the sector will benefit to prop up the wider economy as a consumer slowdown takes hold. Related: 'People still want to work here': can British commerce survive Brexit? Related: UK inflation jump means the 2017 voter is getting poorer | Larry Elliott Continue reading...
Source: theguardian.com