Your Business: How to hedge your bets

When it comes to currency fluctuation and its potential dangers, many SMEs are burying their heads in the sand. But with Brexit looming, it’s vitally important to take action to protect your business, writes Barry McCarthy

28th January, 2018

On June 23, 2016, the United Kingdom voted to leave the European Union, a moment most didn’t think possible and many will never forget. This decision ignited a wave of financial market volatility around the globe. The British pound lost 18 per cent of its value between May and October 2016, with a drop of almost 10 per cent in the minutes following the announcement the morning after the vote.

The instantly weaker pound caused particular pain to...

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