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IMPACT OF BREXIT:
Following the referendum we’ve seen a significant fall in the Pound against key currencies like the Euro and US Dollar which has played havoc with the markets. The British manufacturing sector has, however, dealt with this fallout amid waves of growth speculation and revised forecasts, not to mention this new found weakness in the currency.
The sector performed well in the second half of 2016, with a number of indicators showing growth across many aspects of UK manufacturing. While this has been positive news, UK economic growth in 2017 is expected to slow. The manufacturers’ organisation EEF has stated that only 23 per cent suggesting that opportunities will outstrip risks.
— MANUFACTURING & ENGINEERING Magazine, JANUARY 17, 2017
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