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Latest CBI figures a mere blip though Brexit fears could weigh on future sentiment

  • United Kingdom

    23-06-2015

    Commenting on the latest UK factory orders statistics, Parmjit Singh, head of diversified industrials at law firm Eversheds, says:

    "The slowdown in exports is the result of multiple factors. Whilst the Greek crisis is having a negative effect across the entire eurozone, the UK picture is more down to the strong pound which is a safe haven for many. It is also taking longer than expected for manufacturers to react to the positive news of the election of a stable Government. As the business friendly policies of the new Government start to gain momentum, including the desire to increase exports substantially, we expect these figures to be a mere blip. That of course may change if the threat of Great Britain exiting the EU starts to look a real possibility."

    Parmjit Singh, Partner

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