New post-Brexit trade restrictions have pushed up the cost of parts and raw materials for two-thirds of small British manufacturers surveyed last month. A majority reported some level of disruption. Post-Brexit Trade Restrictions The survey of nearly 300 firms, by consultants South West Manufacturing Advisory Service (SWMAS) and the Manufacturing Growth Programme, a … [Read more...] about Brexit’s Effect: Causes Supply Issues for Small Manufacturers
Economy
EU Wants to De-Escalate Brexit Tensions Over Northern Ireland
The European Union is now seeking to de-escalate Brexit tensions in Northern Ireland to establish a new clearinghouse committee to work out solutions to issues caused by new trade barriers caused by Brexit, including controls on supermarket and chilled meat supplies. Brexit Tension in Northern Ireland The European commission vice-president Maroš Šefčovič said the introduction … [Read more...] about EU Wants to De-Escalate Brexit Tensions Over Northern Ireland
British Pound Well Positioned to Climb Further, US Dollar Continue to Struggle
The GBP/USD has increased above the 1.38 level, gaining from the risk-on sentiment that weakens the US Dollar. The hopes for an economic recovery in the world and positive US corporate earnings are still outweighing suggestions that the risk rally has been overdone. Hints should lift GBP/USD further towards the 1.40 level medium-term. GBP/USD Strength to Continue The GBP/USD … [Read more...] about British Pound Well Positioned to Climb Further, US Dollar Continue to Struggle
British Pound has a Bit of Change Compared to Euro, but Still Advances on Struggling US Dollar
Pound Sterling exchange rates are strong despite the damage done by the coronavirus lockdown. Pound-to-Dollar rate posts 33-month high above 1,3760 in the middle of the renewed US losses Overall, Pound Sterling sentiment has held firm with the change in Bank of England expectations and robust global risk appetite offsetting the near-term weakness. The Pound-to-Euro exchange … [Read more...] about British Pound has a Bit of Change Compared to Euro, but Still Advances on Struggling US Dollar
UK Pound vs. US Dollar: Pound Sterling Recovers as Bank of England Looked Through Negative Rates
The Pound Sterling exchange rates decreased in the middle of a negative tone into February 4's Bank of England policy decision. On the other hand, foreign exchange markets were wrong-footed, and the Pound Sterling recovered fast as the bank looked through the near-term weakness to focus on the expectations for robust recovery this year. The ruling out of the near-term move … [Read more...] about UK Pound vs. US Dollar: Pound Sterling Recovers as Bank of England Looked Through Negative Rates