The continuing decline of the pound is adding more pressure to many businesses who rely upon importing goods into the country.
Only recently Tesco have announced 1,000 redundancies and the closure of two distribution centres. This move (it has been speculated) is largely due to the increased cost of importing goods, along with increased competition from the likes of Aldi and Lidl.
This is just one of many high profile stories to hit the news. I suspect it will not be the last either. One view of speculation is that the longer we remain in a position of uncertainty over the post Brexit landscape (such as the detail around the trade deals and terms) the weaker the pound will get. This will add more pressure onto businesses who are working hard to remain profitable in these uncertain times.
If you find that your existing supplier or customer contracts are not financially working for you any more, now is the time to contact Sophie Samani for advice on your options to vary or exit the agreement.
The value of the pound has fallen to a two-month low against major currencies after Prime Minister Theresa May signalled the UK would pursue a so-called "hard Brexit" from the EU. Sterling fell about 1% across the board.