MORE evidence has emerged of how the British economy is proving resilient to the Brexit vote, with UK factory activity reaching a 10-month high in August.
Brexit Bulletin: British factories lead economic rebound, sterling inches upMORE evidence has emerged of how the British economy is proving resilient to the Brexit vote, with UK factory activity reaching a 10-month high in August.
The data came on the back of a weaker pound boosting exports, reports Bloomberg News.
IHS Markit said its Purchasing Managers Index, which dropped below the key level of 50 in July, jumped by a record to 53.3.
That was far better than economists had forecast and sent UK equities and the pound higher. The figures were the latest to signal economic fortitude in the wake of the referendum.
The labour market, consumer confidence, retail sales and house prices have all had a strong summer, confounding predictions of a slowdown by some economists.
Still, international investors seeking bargains in London's prime office market following the vote are being frustrated because sellers won't lower prices, according to Jones Lang LaSalle.
Prime Minister Theresa May said she wants to end the free movement of people flowing into the UK from the European Union and suggested she is willing to leave the bloc's single market to do so.