How did the UK’s decision to extend its Brexit deadline impact the GBP/EUR exchange rate? And what should I be looking out for in the months ahead if I want to make the most of my currency transfers? F.B. When Theresa May announced that the Brexit deadline was being extended until the end of October, following on from a shorter delay to the original March exit date, the GBP/EUR exchange rate surged.Markets were relieved as the risk of the UK crashing out of the EU without a ... To read the remaining 85% of this article, you need to either Subscribe now to The Connexion and benefit from access to our archived articles since 2006 Freedom Subscription Pay every three months. Our most flexible subscriptionSubscription automatically renews so you don't miss an edition (but you can switch this off at any time!) 1 Year Subscription (12 editions) (Our best value offer) 1 year of great reading in print and onlineSubscription automatically renews so you don't … [Read more...] about Impact of Brexit deadline on GBP/EUR exchange rate?
Brexit exchange rate
Beef farmers demand compensation for €101m in Brexit losses Farming Independent The Irish Farmers Association have called on the Government and EU Commission to compensate beef farmers for Brexit losses which they say run to over €100m. https://www.independent.ie/business/farming/news/ifa-news/beef-farmers-demand-compensation-for-101m-in-brexit-losses-38006630.html https://www.independent.ie/incoming/article37874987.ece/12d0b/AUTOCROP/h342/ifa%20agm1.jpg Email The Irish Farmers Association have called on the Government and EU Commission to compensate beef farmers for Brexit losses which they say run to over €100m. Despite the UK's exit from the EU set to be pushed back to October, Brexit stockpiles of beef in the UK are said to be weighing on prices on both sides of the Irish sea. IFA has written to both Minister Creed and Agriculture Commissioner Phil Hogan outlining the details on the €101m losses. “Beef farmers have gone through a horrendous … [Read more...] about Beef farmers demand compensation for €101m in Brexit losses
Business 12 April 2019 Share this with Facebook Share this with Messenger Share this with Twitter Share this with Email Share this with Facebook Share this with WhatsApp Share this with Messenger Share this with Twitter Share Share this with These are external links and will open in a new window Email Share this with Email Facebook Share this with Facebook Messenger Share this with Messenger Messenger Share this with Messenger Twitter Share this with Twitter Pinterest Share this with Pinterest WhatsApp Share this with WhatsApp LinkedIn Share this with LinkedIn Copy this link https://www.bbc.com/news/business-47902542 Read more about sharing. These are external links and will open in a new window Close share panel Related TopicsBrexit It was an early-hour announcement that allowed many of the UK's business owners to finally get a few hours of … [Read more...] about Businesses plead for Brexit clarity
Sterling fell 0.2pc to 86.28 pence per euro and British government bonds were also weaker as markets digested the European Union extension that averted the immediate threat that Britain would crash out without a deal, but provided few answers about a path to an eventual agreement. The latest extension, the third granted by the EU, was cut short of initial proposals for a year-end conclusion. The prospects for any kind of deal are clouded by a likely leadership race in the Conservative party over the summer, with betting odds from Paddy Power assigning a 22pc chance that Theresa May will be ousted in June and 33pc that she will be gone in July. "If a new Eurosceptic leader is in place, then markets may become more concerned that they could be prepared to take the UK over the cliff-edge. Equally, we could see the EU become more fed-up," said James Smith, developed markets economist at ING Bank. "There is a view emerging among some officials that the costs of 'no deal' are lower than … [Read more...] about May’s Halloween Brexit deal spooks sterling and bonds
The price of the new Metro fleet could spiral because of Brexit, transport bosses have warned. Nexus says that the continuing uncertainty over the UK's exit from the European Union poses a "significant threat" and could cause costs to escalate. Five firms have now submitted bids to take on a £500m contract to build and maintain the new Metro trains, as well as building a new depot in Gosforth. And while bosses say the bidding process remains on track so far, there are fears that a drop in the pound's value post-Brexit could pose problems for the much-needed upgrades. Nexus documents state that rising prices "could result in Nexus having to reconsider the scale of the procurement", while any delay to the project would also place a heavy burden on the deteriorating trains currently in use. Tobyn Hughes, managing director of Transport North East, told a North East Joint Transport Committee meeting on Thursday: "It is not a particularly bad state of affairs because it is currently … [Read more...] about ‘Significant threat’ posed by Brexit could cause cost of new Metros to spiral