Sterling’s fall buoys UK manufacturers as export orders rise

CBI finds orders at highest level since December 2013 but analysts say few firms are investing and dearer imports may force higher selling prices soon

UK factories have cashed in on the sharp fall in the pound since the Brexit vote, with export orders at the joint highest level in three and a half years.

The stronger than expected findings from a survey by the CBI, the UK business trade body, suggest manufacturers had a decent start to the second quarter, boosting hopes that the sector will help prop up the wider economy as a consumer slowdown takes hold.

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