NewsCase StudiesEvents

Despite a fall in manufacturing output in the second quarter of 2016, its still a good time for UK exporters

Also in the news...

7 Steps to Starting a Successful Business in College

Many students consider starting a business in college, inspired by the paths of successful people and the many opportunities available. Although various nuances may prevent you from achieving this, results orientation and perseverance will allow you to move mountains.

7 Popular Gibraltar Startup Companies

Though small, Gibraltar is a burgeoning hub for innovative startups. This British Overseas Territory has become attractive for entrepreneurs due to its favourable tax laws and business-friendly environment. Here, we explore seven popular startups significantly impacting their respective industries.

How AI Fashion Models are Changing the Product Modelling Business

Artificial Intelligence (AI) is revolutionizing various sectors, and the fashion industry is no exception. AI fashion models and the utilization of AI-generated images to showcase products represent a futuristic trend blending technology with creativity. This article delves into how AI is transforming fashion presentations, the benefits of this innovation, and potential future developments.

Navigating Tech Challenges in Global Expansion - Solutions for Startups

When you're steering your startup towards international waters, the thrill of tapping into new markets is often mingled with the challenge of navigating tech hurdles. From ensuring seamless operation across time zones to adapting to local regulations, the tech aspect of global expansion can seem daunting.

Guidance Living in Egypt

Information for British citizens moving to or living in Egypt, including guidance on residency, healthcare and employment.

Despite a fall in manufacturing output in the second quarter of 2016, its still a good time for UK exporters

Back to News

The Bank of England released construction data yesterday, announcing that industrial output had seen its sharpest fall since June 2009.

The construction data, released by Markit, indicated a material slowdown in the three construction markets residential, commercial and civil engineering.

Furthermore, the Purchasing Managers Index registered a lower drop than the previous month, down to 45.9 in July from 46.0 in the previous month. Any PMI below 50 indicates a slowdown in commercial building.

Being the first survey of its kind undertaken after the decision to leave the EU through a referendum on the 23rd June, the accelerated decline shows a hesitance in the market to start new commercial building products, and uncertainty in the market, said Tim Moore, Economist at Markit.

Although the data is not as pronounced as that from the recession in the late 2000s, the UK economy has seen a huge slump post Brexit, and eagerly awaited interest rate and quantitative easing news awaits us this week.

But, when we look at underlying price movements and currency fluctuations, its still a positive story for UK exporters. The pound sterling remains at rock bottom lows versus the euro and US dollar, meaning its a positive story for tourists and overseas investors putting money into investment, as well as those looking to export abroad.

James Sinclair at Trade Finance Global said: Nows an important time to think about and protect your currency and exports from volatile FX movements.

Weve never seen markets react so as a result of the EU referendum. Wed recommend SMEs are cautious about trading overseas, but they can easily protect their business from FX volatility, calculate FX risk and even turn this into a positive opportunity. Weve created a special currency informational area on https://www.tradefinanceglobal.com/currency to help your business understand currency risk.

If your business is looking for finance to trade and grow overseas, be sure to check out the Startup Overseas Finance Hub.

You are not logged in!

Please login or register to ask our experts a question.

Login now or register.