Pound V euro: GBP climbs against EUR as UK manufacturing sees strong overseas demand

Pound V euro: GBP climbs against EUR as UK manufacturing sees strong overseas demand
 

Although still close to the ten-month low hit towards the end of July, the GBP/EUR exchange rate has gained 0.3 per cent today to hit €1.118.
A surge in new export orders received by British manufacturers accelerated sector growth in July, according to the latest business survey.
The manufacturing PMI climbed from a seven-month low of 54.2 in June to 55.1 in July; well above market expectations of a rise to 54.4.
Weak pound exchange rates helped drive demand from overseas customers.
IHS Markit Director Rob Dobson said: “The headline PMI signalled a growth acceleration for the first time in... read more

 
1 August 2017 in Business, Views: 41
Share:
 




News Widget for Webmasters


Realtime News

 

«
»
Mo Tu We Th Fr Sa Su
        1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31