Brexit Insight: How Should Your Business React?

Brexit Insight: How Should Your Business React?

The UK is leaving the EU – So now is not the time to bury your head in the sand. HOW DO THINGS STAND AT PRESENT? The UK economy appears to have weathered the initial shock of the Brexit vote, although the British pound’s value remains near a 30-year low, opinion is sharply divided over the long-term effects of leaving the EU. Major firms such as EasyJet and John Lewis have pointed out that the sterling slump has increased their costs. Britain also lost its top AAA credit rating, meaning…

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Speculations surrounding Mark Carney future brought to an end

Speculations surrounding Mark Carney future brought to an end.

Mark Carney, Governor of Bank of England (BoE) and Chairman of the G20’s Financial Stability Board advised he will stay on at BoE, on the same day the Pound was appointed October’s worst performing currency. Carney has been managing Britain’s economy for the past three years and will remain at the BoE until end of June 2019 to see out turbulent Brexit negotiations. He will undertake the task of protecting the UK economy over the negotiations of Brexit that begin in March 2017. Carney will forfeit 3 additional years of…

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Your Guide to Foreign Exchange

Your guide to foreign exchange

Whether you are importing and exporting goods for your business, importing a car from another country, or simply want to transfer money abroad, it is important to understand how the foreign exchange market works. So to help you, we have put together this Guide to Foreign Exchange. A Simple Guide to Foreign Exchange There is no magic fairy dust that can get you the best rate possible, but there are certainly some actions you can take that will help you improve what you are doing. Because often, just making just a few…

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All Eyes on the US Dollar

EUR/GBP     £0.8378 Discussions about the Greek debt are still dominating on the European market. The single currency gained slightly against the British Pound the UK and seems to remain at this level. There are minimal economic announcements from Europe today as the market attention is currently concentrated at the US Dollar. The Euro is trading at £0.8378 at the moment and still moving upwards. GBP/EUR     €1.1944 Things are quiet for the Pound today as the attention is concentrated towards the US Dollar. The Pound however is still struggling against the…

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Euro Falls as Greek Debt Solution Proposal Rejected

EUR/GBP     £0.8385 In general, the Euro is falling as concerns over the debt crisis are still present and also as the euro zone finance ministers rejected a restructuring plan on the Greek debt by creditors. However, it is outperforming the Pound, and currently upgrading against the sterling as it’s trading at £0.8385. GBP/EUR     €1.1921 The Pound was the worst performing currency in the last 24-hour period, as even the Euro outperformed the sterling.  It is still downgrading against the Euro and currently trading at €1.1921. EUR/USD     $1.3043 After three-weeks high,…

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