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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UK warned they won’t receive special treatment once left the EU while the race for a new PM begins

UK warned

At the first meeting of the EU Summit earlier this week, the UK Prime Minister David Cameron used his last meeting there to voice his disappointment that he failed to win his side of the referendum. However the EU leaders said there would be no turning back for the UK.

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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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UK Figures Suggest Recession Is Over

EUR/USD Due to worries about the cost of protection against the government debt in Ireland and Portugal, the euro fell to 1.3775 dollars. The G20 summit of advanced and developing economies is still maintaining a high level of currency tensions. In contrast, the dollar rose to its highest levels since late October against major currencies. According to traders, the market will observe an auction for long-dated Treasury bonds later today, which they expect, will give clues to the direction of the dollar. EUR/GBP Good figures such as the NIESR GDP…

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