Surging factories give a lift to pound

Factory output is rising at the fastest rate for more than three years as the weak pound boosts exports, according to a report.

Rebound: Surging factory output has pushed the pound back above $1.30Factory output is rising at the fastest rate for more than three years as the weak pound boosts exports, according to a report.The CBI found 41 per cent of manufacturers saw production rise in the past three months while 12 per cent said it fell.The gap between those doing well and doing badly was the widest since December 2013 as export orders flooded in.The upbeat figures pushed the pound back above $1.30, giving fam...