Sterling Facing Critical Week

Sterling Facing Critical Week

There's a perfect storm approaching the pound this week with critical factors affecting Sterling on a collision course. Analysts cite political uncertainty, macroeconomic data and monetary policy as the three main drivers of economy and therefore currency. There isn’t one which is more important than the other and they are all interwoven each influencing the other two to a varying degree dependent upon the level of each or in the case of data, the degree of variation from expectation. This week the U.K. faces the influence of all three drivers. Parliament will vote on the first Bill put before it that provides an opportunity to appraise the Government's performance. Despite the almost universal disapproval of how Brexit is being handled, their vote to pass legislation that repeals the original decision to join the then Common Market, should pass within the slimmest of majorities. Next comes macroeconomic data. First is inflation which will be released tomorrow. The headline is likely to have reached 2.8%...
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Hard Brexit? Sell Sterling!

Hard Brexit? Sell Sterling!

Davis and Fox; Brexit Hawks If anyone in the U.K. didn’t believe that Brexit was going to happen, they should have had their eyes very firmly opened on 20th July. The first joint Press Conference given by the major Protagonists, Michel Barnier and David Davis since negotiations began in earnest brought clarity to the task that lies ahead. Barnier finds it very difficult to hide his frustration at what he sees as the intransigence of the U.K.’s bargaining position. In a very European/EU/Brussels way, he clearly feels that the U.K. is arguing over points of law such as who protects the rights of the EU citizens remaining in the U.K. post-Brexit. Davis, on the other hand is displaying a very 21st century British approach like a Blair/Farage caricature. He seems to either not be listening when Barnier speaks or not taking the whole thing particularly seriously. It has now been revealed that such meetings will take place for four days a month. That leaves...
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India: Historic Trade Capital to Future Economic Hub

India: Historic Trade Capital to Future Economic Hub

With Brexit topping the headlines and the prospect of a need to find new export partners looming, one answer is to look to our historic colonial relationships. You might be surprised to discover how much we have in common with India after all these years... By Tony Parry Your scribe is a little bemused that China has drawn a lot of favourable economic and business sentiment vis-à-vis India over the past two decades or so. A bit odd really. About 250 million Indians speak English as an alternate or second language; Indian commercial law closely follows English law, brands such as Leyland, Typhoo, Royal Enfield are still huge in India, and they play a mean brand of cricket. You will feel right at home there. So, I’ll try over the coming period to entice you to do business with India. As a starter for ten, can I encourage you to get hold of a book edited by entrepreneur and communications strategist Manoj Ladwa, and...
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Heavyweight line-up of speakers for South West World Trade Summit

Heavyweight line-up of speakers for South West World Trade Summit

Following the success of the Institute of Export & International Trade’s (IOE&IT) South West World Trade Summit last year, we will be hosting a second event on July 6th in partnership with the Institute for Social, Policy and Enterprise Research (iSPER) at Plymouth University. Aimed at businesses in the South West who are working in, or have an interest in international trade, the ‘Blueprint for Global Britain’ will examine the issues and opportunities in accessing new markets and the debate will help shape the future of global commerce. The summit, which is sponsored by local law firm Bond Dickinson and export consultancy Middleton Jones, starts with registration and coffee at 9.00am at the University of Plymouth Portland Square building. The morning session’s focus is ‘Brexit and International Trade’. After lunch, the vibrant conference will turn its attention to ‘Enabling the South West International Trade Performance’. We are delighted to announce that the keynote speaker will be the Institute’s new president, Lord Green of...
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Partnership with Astra Recruitment

Partnership with Astra Recruitment

Middleton Jones is pleased to announce a new working partnership with Astra Recruitment. Providing a vital connection to the talent both in the South West and worldwide, the arrangement will also offer the benefit of international expertise to Astra Recruitment’s clients. Read more on our International Export Recruitment Partnership page HERE Despite the huge cloud of uncertainty surrounding Brexit, most British manufacturers and service providers are aware that they will need to invest in their export activities over the next two years, whether this is in order to maintain business levels or to achieve growth plans. Increased demand on resources and expertise in documentation, compliance, legal, shipping, sales, communications and market evaluation is going to rise, so make sure you have access to the best professionals. Astra Recruitment in partnership with Middleton Jones can find the right option for you, with access to; partnerships with overseas trade specialists, direct employment, specialist consultants and much more... For international recruitment expertise in the South West, get in...
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5 tips for success in 2017: Year of the exporter?

5 tips for success in 2017: Year of the exporter?

Where will your business take you in 2017? Success and beyond, one would hope, but in these uncertain times, strong preparation and planning will be the key to achieving your potential. Strengthening and opening export channels will be imperative for many companies. Supply Chain Associate, Diane Thyer presents 5 important points to keep sight of in the coming year... 2017 is now upon us and the Christmas break, where reality was suspended in a Disney induced fog for the best part of week, is now well and truly over. This year is likely to prove just as challenging as 2016 with BREXIT and President Elect Trump making themselves felt; although in the case of the President Elect this is mostly on Twitter. However, in the words of Barack Obama on that historic US election night, ‘no matter what happens, the sun will rise in the morning.’ With that steadying note we must act less like rabbits caught in the headlights and more like...
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The Middle East & North Africa in 2017: Business as usual?

The Middle East & North Africa in 2017: Business as usual?

The Middle East & North Africa in 2017: Business as usual? Phil Broek, MENA Associate at Middleton Jones examines the outlook for UK trade relations in the forthcoming new year... To say that 2016 has been quite a year feels like a massive understatement; Terror attacks in Brussels, IS on the rampage, Syria in flames, refugee crisis, Brexit, falling Pound, Trump…I could go on but its nearly Christmas and I don’t want to add to your seasonal indigestion further. Besides which, being fearful of the future doesn’t really help does it? Not unless your business is making nuclear bomb shelters or anti-depressants. However, being forewarned is being forearmed as the saying goes, so I thought it may be helpful to look at how some of the key events of 2016 may shape the Middle-Eastern business environment for British companies in 2017 and beyond. Let’s start with Brexit – that dreadful term that sounds more like an on-the-go breakfast snack-bar than one of the...
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Brexit advice from Middleton Jones in Plymouth Herald

Brexit advice from Middleton Jones in Plymouth Herald

An article In the online edition of the Plymouth Herald this week features an interview with Linda Middleton-Jones. The story discusses the benefits of investing in export relations ahead of Brexit and some of the possible outcomes from negotiations with Europe. In the article entitled Expert tells Plymouth firms how to avoid a Brexit disaster, Linda is quoted encouraging companies to reinforce their relationships with overseas businesses and make contact before Article 50 is triggered. "It's about keeping customers and striving for that trade to continue with Europe" The benefits of strengthening ties and making good contacts with our European counterparts are clearly going to be the focus of any company that wishes to prepare for successful business from 2017 onwards. This is even more important in the South West, where a large proportion of regional revenue and employment is in manufacturing.   "We sell to Europe and will in future export to Europe" By preparing now, UK businesses can ensure they are best-placed to emerge...
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Relationship building, post Brexit

Relationship building, post Brexit

Thomas Jefferson said “Peace, commerce, and honest friendship with all nations...entangling alliances with none”. How do we apply this to the impending Brexit issues? Apposite for these challenging and uncertain times post the Brexit referendum. So what should UK traders be doing right now? I think we reinforce our current relationships and broker new ones. Our brave new world will be different but what I have learnt is that we do business with people we know and like. If you have good relationship with a client, nurture them. If you are looking wider than current markets then use this time to find new buyers and forge new relationships....
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The divide – campaigning and debate…

The divide – campaigning and debate…

As the debate and campaigning surrounding Brexit gets exceedingly nasty over which statistic/fact or forecast is right or wrong, I have been thinking about the cost to UK from the schism’s that are appearing between party members. Until now we generally saw a great respect by party members for each other’s contribution to the economy and social wellbeing of our country.  Yet what we are seeing is a divide in opinions through this debate that will have a profound effect on the future of this country, whatever the result of the poll. There are countless examples of peoples living in unity and then being torn apart by strong beliefs, a continuing theme of present day conflicts.  We in the UK though have always prided ourselves on our pragmatism, our ‘Englishness’ and our rule of law - a solidity broken only by the occasional scandal or emotive social issues. So how will the scars of strongly opposing views affect our future governance?  I do...
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