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.
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.
Facebook recently announced a “blockchain powered currency” called Libra which appears to be a potentially game changing development in payments. Although there is scepticism and uncertainty, Facebook’s Libra initiative is something to be encouraged and applauded. With the caveat that FB needs to be watched very carefully as it has over the years proclaimed in its various mission statements that it wants to “move fast, break things, build things and add stable infrastructure”.
TFG heard from Eng. Hani Salem Sonbol, CEO, International Islamic Trade Finance Corporation
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.
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.
Parker Norfolk’s Richard Bishop discusses best practices for capitalizing on trade opportunities while simultaneously ensuring sound risk mitigation.
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.
