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. No date has been set for the autumn budget statement, which May said would be when the government laid out its new fiscal position.

Source: bd News24 September 04, 2016 00:11 UTC