British manufacturers continue to benefit from the weakening of pound

Manufacturers of Great Britain continue to benefit from the dropping pound sterling, Bloomberg reports. The volume of production and orders in the country grew in August at a rate exceeding the long-term average, although the overall economic growth weakened. Production growth was noted in 13 of 17 sectors. In the food, beverage and tobacco sector, the most significant growth was observed. Exporters benefit the most from the weak pound. After the Bank of England raised its interest rate to 0.75% in early August, expectations about prices in the next three months began to increase.

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