Beyond Currency

5 July 2021 - Brexit still a major Factor


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"According to a recent Financial Times report, almost a third of businesses that traded with Europe have seen a drop-off in activity while 17% have decided to stop, some temporarily or for good.
The headline grabbing story concerning the sale of British sausages to Northern Ireland is now well known, but this slightly offbeat tale masks the real difficulties that are being faced by several sectors of the economy.
Boris Johnson has shown himself to be a Prime Minister who looks at the big picture, leaving the details to his minions. Happy to celebrate successes like the news that Nissan is going to expand production in the UK, he ignores issues facing fishermen who are now unable to make a living.
Nissan have been something of a bellwether for Brexit, as workers in the northeast of the country where their plant is mainly situated voted resoundingly to leave. Now they are joined in expanding production by Vauxhall Opel which is also reportedly planning an expansion."
Beyond Currency Market Commentary:
Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.
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