Thank goodness that Trump is president of the US....the currency situation is actually not bad at the moment for our trade.
May is making a mess of things but Trump is even worse,so the £ is getting stronger against the US dollar,currently about 1.30. The EU seems to be sorting themselves out so the Euro is getting stronger against the £.,currently about 1.12.
So our dollar costed products from the US and China are getting cheaper and what we sell to the EU is looking cheap,with a good margin. The only concern is that with an advantageous position our balance of trade is not getting as positive as it should.
Still 'make hay whilst the sun shines'
KudosDave
May is making a mess of things but Trump is even worse,so the £ is getting stronger against the US dollar,currently about 1.30. The EU seems to be sorting themselves out so the Euro is getting stronger against the £.,currently about 1.12.
So our dollar costed products from the US and China are getting cheaper and what we sell to the EU is looking cheap,with a good margin. The only concern is that with an advantageous position our balance of trade is not getting as positive as it should.
Still 'make hay whilst the sun shines'
KudosDave