Last week's poll: Has the weak pound been good or bad for your business?

Monthly indicators from the Purchasing Managers' Index show that a drop in sterling has helped businesses exploit export opportunities, but it has also had a negative impact on input costs.

A third of respondents said that the fall in the pound has been detrimental, followed by 28 per cent who thought it had no effect.

Of the remaining 39 per cent, just under a quarter (23 per cent) thought it mildly beneficial, whilst 16 per cent agreed that the weak pound has been markedly beneficial.

In the debate that followed, David Mawdsley said: ‘An increase in export orders due to lower sterling and more competitive pricing has simply not happened, maybe due to general slowdown in manufacturing industry in other advanced countries.’

A certain John Sally Swigglebottom added: ‘Our suppliers work in Euros and Dollars. This has a direct effect on the company’s bottom line. The argument that a weaker Pound would automatically translate into bigger export orders is pure fantasy. Essentially our profits are down by 17%. Cheers Brexiters’.