Also in the news...
Specification of requirements and grant funding agreements for exhibitors in Great Britain and Northern Ireland.
A free trade deal between the UK and India could bring huge benefits for Scotch whisky producers, as the UK Government looks to cut tariffs of up to 150%.
Information on key security and political risks which UK businesses may face when operating in Belgium.
Use this guide as a supplement when using the CHIEF and CDS trade tariffs to import and export goods to and from Great Britain (England, Scotland and Wales) after the end of the transition period.
Find out how inland pre-clearance checks affect you and what you need to do when we carry out checks on your goods.
Another potentially big day for the pound as leadership challenge continues to loom.
Reports circulated yesterday morning that there were growing numbers of MPs ready to submit letters of no confidence in Theresa May, but despite this, GBP/USD held steady. It was only as she addressed the CBI conference later in the day that GBP/USD shed a quick 70-80 points, albeit she didnít say anything we hadnít already heard before.
There turned out to be good support at and just under the big 1.28 figure and it wasnít long before Cable recovered, helped in part by a softening greenback. The pair has held firm and traded a steady range overnight, despite news that DUP MPs abstained on a series of votes on the Finance Bill yesterday evening, in protest of the current agreement. On one occasion they voted with Labour to cut the government's majority to just five. The DUP have warned Theresa May to "keep her side of the bargain" saying the backstop would result in new regulatory barriers between Northern Ireland and the UK.
Itís another potentially big day for the pound with BoE Governor Carney speaking, along with other MPC members, following the release of the central bankís inflation report. The threat of a leadership challenge is still looming, too, and herein lies bigger potential for a negative GBP shock.