According to a report, delays importing and exporting goods to and from the EU have worsened since Brexit was introduced at the start of the year and will result in stock shortages and price rises for consumers. Import and Export Dilemmas A survey of 350 supply chain managers found that two out of three had experienced delays of “at least two to three days” getting goods into … [Read more...] about Brexit’s Massive Impact on Trade, Red Tape Here to Stay
Economy
Analysts at NatWest Markets and Barclays are Cautious of UK Pound Rally vs. Euro and US Dollar
For the British Pound, most of the good news could now be 'in the price' according to analysts at two of the UK's most recognizable high-street banks, meaning the bar to further gains might be a great deal higher. Analysts Wary of Pound Sterling Performance Analysts at NatWest Markets and Barclays have told clients the Pound's recent strong run against the Euro, Dollar, and … [Read more...] about Analysts at NatWest Markets and Barclays are Cautious of UK Pound Rally vs. Euro and US Dollar
Credit Agricole Says it is Time’s Up for Pound Sterling’s Amazing Run Against US Dollar and Euro
The British Pound starts the new week materially lower than where it was at the half-way mark of the previous week thanks to an aggressive sell-off on Thursday and Friday, and one analyst we follow says the currency has now peaked. "Many positives are in the price of the overvalued and overbought GBP in our view," says Valentin Marinov, Head of G10 FX Strategy at Crédit … [Read more...] about Credit Agricole Says it is Time’s Up for Pound Sterling’s Amazing Run Against US Dollar and Euro
UK Prime Minister Boris Johnson’s Government Refuses to Acknowledge Reality of Brexit
It has been seven weeks since the UK completed its departure from the European Union and Boris Johnson's post-Brexit trade deal came into effect. At that time, British exporters have struggled with new trade barriers. In some cases, orders have been slowed down by paperwork; fresh produce has failed to reach its destination in time, forcing it to be destroyed. All of … [Read more...] about UK Prime Minister Boris Johnson’s Government Refuses to Acknowledge Reality of Brexit
Northern Ireland Leaders had ‘Disappointing’ Meeting with UK Parliament over Irish Sea Border
A meeting of the EU-UK body overseeing the NI Brexit deal to resolve issues with the Irish Sea border was "hugely disappointing," First Minister Arlene Foster has said. But Deputy First Minister Michelle O'Neill said the meeting had been "constructive and pragmatic." No breakthrough was reached on requests by the UK to extend grace periods. The grace periods mean … [Read more...] about Northern Ireland Leaders had ‘Disappointing’ Meeting with UK Parliament over Irish Sea Border