The month of May marked the end of British Prime Minister ‘May’, and was ultimately about continuations of previous stories and themes, the outcome of the European Elections and the start of the Conservative leadership race.
AFEX Reports. We have dined on Brexit for over two years now. Although some are understandably sick of the subject, Brexit has been quite costly to European businesses.
From time to time we hear news about large corporation reporting losses as a result of FX volatility, sometimes even as a result of poor FX risk management decisions.
By 2025, Africa’s booming population is expected to surpass China, vesting on its undeniable economic potential. As global growth is slowing, the world has started to identify the population boom in Africa and the opportunities presented by it.
Uncertainty surrounding the Brexit process has continued to dominate the headlines and drive much of the volatility in the foreign exchange market in the past few weeks.
Although the clocks went forward, they did not shed any fresh light on Brexit. The stalemate continued and the EU granted an extension to Article 50 until Halloween, by which time the clocks will have changed again and we’ll probably still be in the dark.
TFG’s exclusive interview with Robert Besseling covers the latest macro-economic factors at a regional level in Africa’s key economies.
Since the start of his Presidential election campaign in 2015, the world knew that Donald Trump would engage in trade wars. He connected with middle America by suggesting he would bring manufacturing and production back to states such as Ohio and Pennsylvania. Trump also told the nationalistic population that America would return to being the greatest superpower.
Facebook has experienced its fair share of bad news over the past year. On the heels of dealing with privacy issues and a decline in revenues due to reduced target marketing, on Thursdayת the US Department of Housing and Urban Development reported that it was charging Facebook Inc. with violating fair housing laws.
Trade Finance Global heard from Stephen Hubble, Chief Analyst at Centtrip, on how even the largest businesses struggled to deal with currency volatility and market uncertainty as a result of the current climate.
President Trump entered office in November 8th, 2016. Throughout his campaign, he held a very strong and very vocal position on the trading relationships that the US held with the rest of the world – that it was not good.
The UK and the EU have agreed to extend the Brexit deadline until October 31, 2019, from April 12, 2018. Initially, it was thought that the EU was thinking of extending the deadline until June 30.
March was a hive of Brexit activity in the House of Commons but the upshot is that we are no closer to an outcome. The pound fluctuated and towards the end of the month it managed to rally sharply as optimism for Theresa May’s deal being passed rose.
Trade tensions continue for between the US and the EU, causing much volatility and uncertainty for businesses trading overseas. TFG look at some of the impacts FX volatility has on businesses working cross-border, and how CFOs, treasurers and FDs are hedging their risks when it comes to protecting their margins and balance sheets.
Optimism that the US and China could be edging towards an agreement over trade has grown in recent weeks.