Stock market analytics, financial forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

EU Companies to Reduce Orders from UK due to Slow Brexit Progress


November, 07 2017
watermark Economic news

Greater number of European businesses intends to cut down their orders from British suppliers because of the passive development on Brexit discussions, as indicated in the survey conducted among company managers released on Monday. There are 63 percent of non-British European firms expected to cut down their supply to get off from the UK, this is relatively higher from 44 percent recorded in May according to the Chartered Institute of Procurement and Supply (CIPS). The Great Britain has 17 months remaining before leaving the EU but the slow progress raise concerns of the executives about sudden exit without a proper transition. The poll yesterday showed the anticipation of UK manufacturers towards European customers.

The  Confederation of British Industry mentioned on Sunday that there are two over three British firms expected to put into action the Brexit contingency policy in March, if ever that both countries will not engage on a transitional agreement by that time. In the previous week, the UK and EU agreed to rush the negotiations, however, the CIPS believes that businesses are in the lurch to gain scores due to the possible decline of EU clients.



Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.