German factory orders slump; Brexit fears push pound to 11-month low – business live

All the day’s economic and financial news, as Germany’s manufacturers suffer a big drop in new orders, and the pound falls towards $1.29Latest: Brexit worries send pound to 11-month lowLiam Fox’s warning blamed for sterling’s slideEarlier:Introduction: German factory orders slump 4%Trade tensions blamed for biggest drop in 17 monthsExperts: Horrendous data 2.54pm BST Polling company ORB has bad news for the government: public support for Theresa May’s handling of the Brexit negotiations has hit a record low.Just 24% of the public approve of the way things are going, they say, things are going well, down from 40% back in April.NEW Public confidence in the #Brexit negotiations continues to fall, hitting another record low. 76% say they disapprove of the way in which the Government is handling the negotiations. Full tables/charts here: https://t.co/Gn3C3ZU51N#UK #TheresaMay #politics pic.twitter.com/wcB75eEjat 2.16pm BST European stock markets have slipped into the red today.Investors are worrying about the decline in German factory orders in June and the lack of Brexit progress, meaning the FTSE 100 didn’t get its typical boost from the weakening pound.“European stock markets opened mixed today as the trade dispute between the US and China continues to hang over investors and stocks…There has been an marked escalation in the trade war, with President Trump’s claiming the US was winning the trade dispute.” Continue reading…
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