MANUFACTURERS in the Bolton area are urging the Bank of England to continue holding off a rise in interest rates. EEF North West says a further increase could exacerbate the pound's rise against the dollar, threatening exports.
Andrew Semple, from EEF North West, said: "The pound's strength against the dollar is starting to be a real concern for a number of our members in the region. It reduces the prospect of rising inflation and gives the Bank of England Monetary Police Committee some breathing space before making its next move.
"By holding off from raising rates it may help to slow the pound's rise against the dollar and provide some relief for exporters."
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