The pound had a rocky August as the October 31st Brexit deadline drew nearer and the ongoing drama of Brexit intensified. Prime Minister Boris Johnson rocked the pound by staying firm on the path to leave without a deal if nothing was agreed by the 31st October
In July the pound continued its march lower as markets prepared for the prospect of a PM who would be more aligned with a no-deal Brexit outcome
The pound continues to weaken as talk of a no-deal outcome heats up and uncertainty continues. The fact is, we’re no closer to any resolution than when Theresa May resigned, and the 31st October is rapidly approaching.
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.
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.
