Amid Brexit chaos, the pound is plunging again after Britain's economy just posted 'shocking' manufacturing data

Canada News News

Amid Brexit chaos, the pound is plunging again after Britain's economy just posted 'shocking' manufacturing data
Canada Latest News,Canada Headlines
  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

UK manufacturing fell suffered sharpest decline in seven years.

Among the chaos caused by Brexit, Britain's manufacturing plummeted, with data showing the biggest drop in seven years. The pound dropped 0.6% against the dollar on Monday, as the global economic slowdown and Brexit weighed on the British economy. One analyst said,"confidence is on the floor, with manufacturers as pessimistic as they have ever been." Watch the pound trade live. View Markets Insider's homepage for more stories.

Among the chaos caused by Brexit, Britain's manufacturing plummeted, with data showing the biggest drop in seven years. The pound dropped 0.6% against the dollar on Monday, as the global economic slowdown and Brexit weighed on the British economy. One analyst said,"confidence is on the floor, with manufacturers as pessimistic as they have ever been." Watch the pound trade live. View Markets Insider's homepage for more stories.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BusinessInsider /  🏆 729. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Parliament's suspension before Brexit is protested across BritainParliament's suspension before Brexit is protested across BritainAn estimated 10,000 people gathered in central London to show determination to block a “no deal” Brexit.
Read more »

Protesters rally against Johnson's Brexit plans in UKProtesters rally against Johnson's Brexit plans in UKPrime Minister Boris Johnson's provocative decision to suspend the British Parliament for a time before the country's deadline for leaving the European Union came under fire Saturday in London and other cities where protesters took to the streets
Read more »

UK lawmakers opposed to no-deal Brexit to bring forward legislationUK lawmakers opposed to no-deal Brexit to bring forward legislationBritish lawmakers opposed to no-deal Brexit will attempt to pass a law this week...
Read more »

UK lawmakers against no-deal Brexit to bring forward legislationUK lawmakers against no-deal Brexit to bring forward legislationBritish lawmakers opposed to no-deal Brexit will attempt to pass a law this week...
Read more »

Stage set for Brexit clash in UK Parliament this weekStage set for Brexit clash in UK Parliament this weekThe U.K. Labour Party's chief Brexit adviser says opposition plans to block a 'no-deal' Brexit would require postponing the country's departure deadline again so the withdrawal doesn't happen on Oct. 31 as now scheduled.
Read more »

Hong Kong protests turn to chaos amid tear gas and petrol bombsHong Kong protests turn to chaos amid tear gas and petrol bombsHong Kong police fired tear gas and water cannon on Saturday as pro-democracy pr...
Read more »



Render Time: 2025-03-06 09:06:49