Currency fluctuations are an inevitable consequence of geo-political upheaval and of course the recent Brexit vote has added some volatility to the mix of late.
Sterling has certainly declined against the euro a fair bit in the past 12 months, and sharply so following the referendum. There’s been the odd push up too, but the trend seems downward, both against euro and dollar.
Mushroom businesses exporting into the UK from euro zone will inevitably feel the price pressure of their produce costing more in that large market.
We are obviously in for a time of sustained volatility in the currency realm. Who knows how it will pan out. That uncertainty feeds into how businesses plan for the immediate future.
We’re into a period of potentially dynamic disequilibrium that will take some time to resolve.
