Friday 20 March 2009

Devaluation of pound fails to help embattled exporters

Telegraph
"Demand for exports has slid to a new low, despite the 25pc-plus fall in the pound over the past year, according to a report from the CBI. The business lobby group said that a balance of minus 51pc of firms reported that their export order books were below normal in the past month. It is the lowest level for this measure since 1998. The finding will dash hopes that the weak pound will help support the UK economy throughout the recession."

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