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UK manufacturing orders best since the 80s

GBPUSD News by Allie Longford on 07:33 November 21, 2017 EST
The UK manufacturing industry has reported on Tuesday its strongest total orders since August 1988.

The Confederation of British Industry’s industrial order book balance shot up in November to +17 from -2 the previous month. The estimate was for a +3.

Particularly strong were chemicals, electronics and transport goods.

A weak sterling and a rebound in growth in the euro zone and elsewhere are thought to be the reasons behind the would times in British manufacturing.