How to make Brexit work for your business

SPONSORED CONTENT - The precise nature of Britain's post-Brexit relationship with the EU is yet to be determined. But the current state of flux represents a good opportunity for businesses, says Hamish Muress of forex company OFX.

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What's next for Brexit?

The reality is that no one knows. The language used by politicians and newspapers the words "countdown", "deadline" and "cliff-edge" all feature prominently suggests that Brexit is an event a revolution that will (or won't) happen on a set date. And immediately after the vote to leave in June 2016, it did feel to many people and businesses as though the world had changed overnight. The pound collapsed as the results came in: in May 2016, a month before the referendum, £1 would have bought you €1.31; a little over a year later, the rate had slipped to a low of €1.08. In other words, any business that had to buy euros to purchase materials from suppliers, perhaps - had to spend almost 18% more to secure the same amount. But almost three years on and counting, it's becoming ever more apparent that Brexit is not, in fact, an event. It's a protracted process of negotiation one which will continue for some time.

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