Weak Pound Drives U.K. Factories Back From Brexit Shock

  • Manufacturing gauge jumped by record in August to 53.3
  • BOE unlikely to cut rates again this year, economists say

U.K. Manufacturing PMI Rises to 53.3 for August

U.K. factory activity reached a 10-month high in August as a weaker pound boosted exports, underscoring early evidence of British economic resilience after the Brexit vote.

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