by 3rdforum Tue 4 Oct 2016 - 19:27
Yep, sterling losing its spending power abroad. I reckon it will settle @ 1.08 ( think its at 1.14 now). Talking to a friend of mine today. His company buys in vitamins/ health stuff from UK. Their costs have gone up by 12.5% since June. UK companies want paying in sterling now, as the 30 day credit terms leaves them open to losing money on the exchange rate. Ronan's company now looking to continent for suppliers.