I'm a bit bemused that your economic knowledge enables you to determine that the reasons for the "blip in the economy" yet you've never even heard of the purchasing managers index. (Which is, btw, regularly reported in in the Beeb business sections, details here www.investopedia.com/terms/p/pmi.asp )
Regarding sterling, I posted a link yesterday which showed a rather sick pound. It seems to have got worse today.
If I was you I'd do a bit more reading and come back to update your post once you've skimmed through the stuff here movi.
www.bbc.co.uk/news/live/business-36812583
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