n Farmer’s Weekly - Brexit's true implications : market analysis
|Article Title||Brexit's true implications : market analysis|
|© Publisher:||Caxton Magazines|
|Publication Date||Jul 2016|
|Pages||36 - 38|
Following the 'Yes' vote in the UK's recent Brexit referendum, the risk for South Africa does not lie in export uncertainty, but in the volatility of the exchange rate. In the short term, the pound is expected to continue weakening against the euro, but not necessarily against the rand. The weakening pound could create an inflationary environment, which in the long term, will lead to price pressure for UK consumers and thus affect the demand for imported agricultural products.
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