In a recent article by Peter Williams, iGTB has been featured commenting on the costs of Brexit in GTNews’s Global Treasury Briefing. The article discusses the effects that leaving the European Union may have on the UK economy, including whether it will affect FX trading, the value of sterling and any effects it will have in the long- and short-term. The need to start building contingency plans for businesses in the event of a “leave” vote is also discussed.
It is further stated that, no matter one’s view on Brexit, it is a perfect opportunity for companies to “pause and reassess.” Previously, companies underestimated the opportunities of the single euro payments area by viewing it as a development that would only affect banks. Brexit is thought to be a similar market situation. To read the full article, please click here (please note that this article lies behind a subscription wall).