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Strong pound likely to dent UK manufacturing growth, warns CBI
Britain's factories have their strongest order books in six months but a rising pound could start to weigh on exports, the CBI has warned. The strength in orders was reflected across the manufacturing sector in June, but firms operating in the food and drink sector were in the best shape with the fullest books in almost four years, the business lobby group said. Katja Hall, CBI deputy director general, added: "Growth is broad-based, with the recovery spreading its roots, and firms have high hopes for the coming quarter. However, the recent rise in sterling could impact on the resilient export orders we've seen ... (full story)
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