Manufacturing sector rebounds to 10-month high


The UK manufacturing industry has swung to a 10-month high and beat expectations as it rebounded from its slump after the Brexit vote. 

The closely watched Markit/CIPS UK Manufacturing purchasing managers' index hit 53.3 in August, up from 48.2 in July and above economists' expectations of 49. 

A reading above 50 indicates growth.

The pound leapt 0.71% against the dollar on the news, breaking through the 1.32 barrier.