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Jul 26, 2019 | Media Coverage

UK firms believe economy will strengthen as trade outside EU grows

According to a new report, the UK’s major industries believe the pound will rise in the coming years, despite Brexit and the prospect of a new prime minister – but businesses should still expect to navigate a volatile currency market

Britain’s major industries still have confidence in the pound, but are worried about currency volatility as businesses look to new international markets, a new study has shown.

The Western Union FX Barometer, which surveys more than 1,000 businesses across the UK, indicates that leaders in a number of key sectors – including the financial and retail industries – believe that the pound will appreciate in value in the next five years.

Their opinions suggest optimism about the UK economy, despite the potential of global volatility, and the possible impacts of Brexit and uncertainty over a new prime minister.

Read the entire feature at The Telegraph (by Rosemary Bigmore)