The announcement of a snap election rallied the pound against a murky future, but there are many more factors at stake.
Author World First
Currency fluctuations always mean some businesses come out on top while others are left in the dust – but in a sector analysis, which industries fare the worst from a weak pound?
Political upheaval has sent SMEs in search of new trading destinations. 2016 was an unpredictable year and small businesses in the UK have had to deal with a lot of uncertainty – much of which is ongoing.
Following the European referendum, many businesses were left vulnerable, with lessened chances of growth due to the weak pound.