Farmers Guradian
Topics
Nine ways to keep your farm vehicles safe

Nine ways to keep your farm vehicles safe

Arable Farming Magazine

Arable Farming Magazine

Dairy Farmer Magazine

Dairy Farmer Magazine

British Farming Awards

CropTec

LAMMA 2018

New to Farmers Guardian?
Register Now
Login or Register
New to Farmers Guardian?
Register Now
New to Farmers Guardian?
Register Now

You are viewing your 1 free article

Register now to receive 2 free articles every 7 days
Already a Member?

Login | Join us now

Will currency movements offer better prospects for UK exports?

EU economic policy has led to a rebound in the euro against the pound in recent days


Twitter Facebook
Twitter Facebook

Short-term improvement in exchange rates could offer better export opportunities for the UK farming industry.

 

The pound has weakened against the euro in recent days, moving from about €1.42 to €1.38 by Tuesday (December 8) amid continuing uncertainty over the extent of European Central Bank moves to improve the EU economy.

 

Jeremy Cook, chief economist at international payments company World First, said: “The key thing for sterling in 2016 is clarification about the EU referendum. The markets will start pricing in some risk.”

 

Charles Sercombe, livestock board chairman at the NFU, said the weaker pound was aiding UK farm prices.

 

He said: “The weakening of the pound does seem to have coincided with an uplift in lamb prices. In the long-term, it is evident the strength of the pound does have an impact on our ability to export red meat.”


Read More

Currency driven downturn puts continued pressure on farm sector Currency driven downturn puts continued pressure on farm sector
Currency relief short-lived in foreign markets Currency relief short-lived in foreign markets
Currency swings provide good news for commodities Currency swings provide good news for commodities
Customer relationships vital as currency woes continue Customer relationships vital as currency woes continue
EU agri-food exports grow to record levels EU agri-food exports grow to record levels

Twitter Facebook
Post a Comment
To see comments and join in the conversation please log in.
Facebook
Twitter
RSS
Facebook
Twitter
RSS