After months of uncertainty, the UK has voted to leave the EU. This unexpected result had an immediate impact on the markets, with the Pound dropping to a 31 year low against the Dollar. While this is now showing some signs of stabilising, we are only at the beginning of a much longer journey that could continue to create downward pressure on Sterling.
What happens next will very much depend on whether we manage to negotiate a “good exit” or not.
Join the HiFX Economists as they discuss the implications of all this and what to look out for in the coming weeks when planning international payments for your business:
Watch the video to find out:
- What has happened since the result was announced and the effect this has had on Sterling.
- The key milestones to look out for and the impact they could have on the markets.
- What factors businesses may wish to consider when planning upcoming international payments.
Watch out for more updates in the coming weeks, as we’ll continue to monitor how events are developing and what impact this is having on Sterling.
Chris joined HiFX Financial Services (which in 2012 became HiFM) in 2003 helping corporate clients manage their FX risk. He has headed up the advisory business since 2006 and is now the managing director. Prior to this Chris traded Sterling for Barclays Capital.
Andy has been with the HiFX Group for the past 10 years providing guidance on currency risks to clients. With a wealth of knowledge and a real passion for the currency markets he joined HiFM in 2013 as an Associate Director advising clients on how best to manage their currency risk.
What’s on your mind?
If you have any thoughts or questions on anything we’ve discussed today, please share them in the comments section below. Or if you’d like to discuss your situation in more detail, please call our Corporate Team on +44 (0) 1753 623 555.
You can view all our Brexit resources here.
This communication is provided for corporate entities only. The details expressed in this transmission and accompanying documents are for information purposes only and are not intended as a solicitation for funds or a recommendation to trade. HiFX Europe Limited accepts no liability whatsoever for any loss or damages suffered through any act or omission taken as a result of reading or interpreting any of the above information. HiFX Europe Limited is authorised by the Financial Conduct Authority under the Payment Services Regulations 2009, registration 462444, for the provision of payment services. HiFX Europe Limited is a registered MSB with HM Revenue & Customs – Reg No: 12131222. HiFX is a limited company registered in England and Wales. Registered number: 3517451. Registered office: Maxis 1, Western Road, Bracknell, RG12 1RT
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