UK Businesses Should be Better Prepared for No-Deal Brexit Scenario - Forex News by FX Leaders
No-deal Brexit?

UK Businesses Should be Better Prepared for No-Deal Brexit Scenario

Posted Friday, June 14, 2019 by
Arslan Butt • 1 min read

According to the Interim Director General of the Institute of Directors, Edwin Morgan, UK businesses should prepare themselves for a no-deal Brexit instead of relying on assurances by political leaders.

A survey by the IoD revealed that less than 25% of firms had activated Brexit contingency plans in April, while over 50% had no contingency plans in place yet. Morgan stated that companies should use this Brexit delay to develop a better understanding of their potential exposure to risks arising from a no-deal Brexit scenario.

He also launched a scathing attack on British politicians saying that they had vastly underplayed the risks of leaving the EU without a deal through misleading language.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies

About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
Related Articles
Comments
0 0 vote
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments