21.07.2016 - Brexit currency effect to have big impact on company results: report
Currency market fluctuations following Britain's vote to leave the European Union will hurt corporate results in the coming quarters, possibly resulting in a negative impact of as much as $35 billion to $40 billion, according to a report from FIREapps on Wednesday. FiREapps CEO Wolfgang Koester called Britain's June 23 decision to exit EU the latest currency crisis, and one that could lead to "significant impacts on the income statements of companies who did not prepare for Brexit."..............................................Full Article: Source
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