British factory output had its strongest growth in nearly seven years in late 2016 and early 2017 and exports also grew quickly, data showed on Friday, suggesting a Brexit boost for the sector from sterling’s fall.
Manufacturing output fell by 0.9 percent in January, a bigger decline than the 0.6 percent fall forecast in a Reuters poll of economists.
But over the November-January period, factory output was up 2.1 percent, its strongest showing since the three months to May 2010, the Office for National Statistics said.
Precious Metals: Shot With A Silver Bullet
Gold Dips Below $1200, US Nonfarm Payrolls Loom
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.