Brexit trade talks down to the wire

Brexit trade talks down to the wire

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The UK economy has suffered more from the coronavirus than most advanced nations, so the stakes couldn’t be higher as Brexit trade talks near their critical inflection point.

[vc_row type=”in_container” full_screen_row_position=”middle” scene_position=”center” text_color=”dark” text_align=”left” overlay_strength=”0.3″ shape_divider_position=”bottom”][vc_column column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” width=”1/1″ tablet_text_alignment=”default” phone_text_alignment=”default” column_border_width=”none” column_border_style=”solid”][vc_column_text]The UK economy has suffered more from the coronavirus than most advanced nations, so the stakes couldn’t be higher as Brexit trade talks near their critical inflection point. When the clock strikes 11pm on December 31st, the UK’s Brexit transition period ends along with the country’s membership of the single market and customs union.

Hopes of a trade deal have supported sterling in recent months, but the prospect of a no-trade deal outcome is still on the table. Although highly uncertain, this could inflict more long-term damage on the UK economy than the pandemic itself.

As Brexit uncertainty persists, this heightens the need for businesses to be highly responsive to market developments, and remain vigilant and agile to potential volatility.

To support decision-making, in our latest Brexit guide we’ll review how Brexit tends to impact currency, why a trade deal is important, and what economic scenarios and impacts we expect.[/vc_column_text][/vc_column][/vc_row][vc_row type=”in_container” full_screen_row_position=”middle” scene_position=”center” text_color=”dark” text_align=”left” overlay_strength=”0.3″ shape_divider_position=”bottom”][vc_column column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” width=”1/1″ tablet_text_alignment=”default” phone_text_alignment=”default” column_border_width=”none” column_border_style=”solid”][nectar_btn size=”small” open_new_tab=”true” button_style=”regular” button_color_2=”Accent-Color” icon_family=”default_arrow” url=”https://lookbook.westernunion.com/brexit-guide-for-businesses-nov-2020″ text=”Read more”][/vc_column][/vc_row]