UK June factory orders hit best month since 1988 - CBI survey

London

BRITISH factory orders have hit their highest level in nearly 30 years, according to a monthly Confederation of British Industry (CBI) survey which might encourage Bank of England policymakers who favour an interest rate hike.

The CBI said its factory order book balance jumped to +16 in June, its highest level since 1988. Economists taking part in a Reute…