Agrimoney has launched a new guide which aims to explain the factors behind currency movements and help businesses manage their foreign exchange requirements.
The report ‘An in-depth guide to currency movements’ launches at a time of change in the financial markets as the UK has seen its first interest rate rise in a decade.
The uncertainty about Brexit and the ongoing negotiations have added to the complexity of doing business with other countries.
The publication, which is free to download and produced in association with currency market specialist Firma Foreign Exchange, tackles some of the key issues and how they might impact on rates.
‘An in-depth guide to currency movements’ aims to provide an easy-to-understand guide to currency movements – what influences them and why. The report is split into sections:
The Brexit vote in June 2016 had an immediate impact on sterling, which fell dramatically against the dollar and the euro.
Farming businesses, who receive direct payments from Brussels which are calculated in euros, received higher-than-expected payments because of the fall in sterling’s value, while businesses exporting overseas saw a boost as their products became more competitive.
However, the pound’s weakness has also made importing much more expensive. Any business buying a new tractor or importing machinery or parts, will have seen their bills increase significantly.
The guide aims to help anyone with exposure to currency fluctuation understand the key factors and what can be done to minimise their impact on business.
To download the report, visit www.agrimoneyresearchreports.com/download-currency-movements-report/