Sterling parity is a risk for businesses as hard Brexit fears mount

Sterling parity is a risk for businesses as hard Brexit fears mount

With Westminster looking like a house of cards and no sign of rapprochement with the EU, anyone trading with Britain should buffer themselves against the currency shock of a no-deal scenario

Sterling has weakened over the summer as concerns grow that Britain may crash out of the EU without an exit deal next March. The euro has risen from 87p at the end of May to touch 91p in late August. A further weakening of sterling would be a major challenge for exporters to Britain, with talk that it could even reach parity against the euro in the event of a disorderly no-deal hard Brexit.

Please Subscribe or Log in to continue reading

Subscribe Login

Independent journalism every day

With digital access you can read The Business Post whenever, wherever, and however you want.

  • Unlimited access to all sections of The Business Post on desktop, tablet and mobile.
  • Breaking news, comment and analysis from the best Business Post writers seven days a week.
  • Live blogs of major news events
  • Videos and podcasts from some of the industry's most respected journalists such as Tom Lyons, Susan Mitchell and Ian Guider
  • Access to The Business Post's extensive archive‚Äč

Related Articles

More from The Business Post