Tag Archives: pound

UK manufacturing soars thanks to weak pound and global recovery

Britain’s manufacturers are enjoying the strongest demand for their products in almost 30 years as a recovering global economy and a weaker pound boost order books. The monthly snapshot from the CBI found that export and total order books were both at their highest for decades – providing some hope that a stronger manufacturing sector would cushion the… Read More »

UK elections aside, hedge funds bet pound to fall anew on Brexit

Whatever the outcome of Britain’s election on Thursday, some hedge funds are still betting sterling will fall anew — anticipating Britain’s exit from the European Union will lead to an economic slowdown whichever way the vote goes. The pound has fallen 2.5 percent in trade-weighted terms in less than four weeks as opinion polls showed the opposition Labour… Read More »

Pound steadies after recent slump

The pound has recovered some of its losses with analysts attributing the gains to the promise of a Commons debate on the Brexit process. The pound was trading 1% higher against the dollar at close to $1.23. Sterling has been sliding since Mrs May announced on 2 October that the formal Brexit negotiation process would start by the… Read More »

Brexit boost for superyacht industry as sales rise above sinking pound

Britain’s superyacht industry is weathering the Brexit storm with the sector reporting its highest level of confidence in the wake of the EU referendum – although choppier waters could be on the horizon. Fresh figures released by British Marine and Superyacht UK on Monday show that revenue rose 11.5 per cent to £605m in 2015/2016, marking the industry’s fourth consecutive year of… Read More »