BCC Reaction To Brexit

The UK has voted, by about 1.2m votes, to leave the EU in the referendum on 23 June. The precise implications of this are, as yet, uncertain – apart from a rapid depreciation of Sterling against most currencies, though whether this is just a knee jerk reaction by forex markets or a longer term position remains to be seen. For companies in Zambia trading with the UK, goods and services will, in the short term, be cheaper is USD terms in the short run but caution should be exercised until the political and financial dust has settled.

The reaction of the British Chambers of Commerce in the UK can be found in this press release – BCC reaction to Brexit