HANGZHOU (Reuters) - Britain’s economy will suffer as a result of the decision to leave the European Union despite signs in recent economic data that the impact has not been as severe as some predicted, Prime Minister Theresa May said on Sunday. Sterling surged on Thursday after a stronger-than-expected survey of manufacturers offered the best signal yet that Britain’s economy is performing better than many had initially feared. Nevertheless, May predicted that the vote would damage the economy and said the government would continue to monitor economic data in the coming months before setting out its fiscal response to protect the economy later this year. “We’ve seen figures giving some different messages in relation to the economy at the moment. “We have to take all the data into account; by the time of the autumn statement there will be more data available.

Source: Huffington Post September 04, 2016 00:11 UTC