POUND LIVE: Pound rises as bumper manufacturing hits four-month high in Brexit boost

POUND LIVE: Pound rises as bumper manufacturing hits four-month high in Brexit boost
 

Sterling strengthened to 1.0861 against the euro, after manufacturing data showed August had been another positive month for Britain's factories.
Output in the respected manufacturing Purchasing Managers Index (PMI) scored 56.9, with a reading above 50 indicating growth.
Production jumped at the fastest pace in seven months, as both domestic as export demand were strong, according to the report.
The rate of foreign demand is at close to record levels, the PMI report showed.
Furthermore, job creation in the sector was recorded for the 13th straight month, with the rate of increase now at the... read more

 
1 September 2017 in Business, Views: 47
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