The subsequent impact of Britain's off Europe

The subsequent impact of Britain's off Europe

—Sterling exchange rate continued to decline

    Since the British referendum on June 24, the British pound against the U.S. dollar has fallen by nearly 18.4%, and sterling decline has not stopped.

    The recent financial market for the whole of the UK worries about the situation in Europe once again enhanced, and this situation has also affected the exchange rate of the British pound exchange rate has been in the previous continuous refresh 168 years since the lowest price of the situation.

    In the short term, in the foreign exchange market, after the depreciation of the pound sterling, proved, as can be seen from the following chart, is indeed the case.
Table 1:

Table 2:


Table 3:

    As a trading company with a relatively large market in the UK, the volatility of late exchange rates has brought changes in operations such as quotes, collections, margins and financial financing to increase the cost and risk of trade. Therefore, we will adjust the price when necessary.

Tips:

Table1:GBP/USD ROE Change From June 2016 to October

Table2: GBP/CNY ROE Change From June 2016 to November

Table3: The average value of GBP/CNY and USD/CNY ROE Change from July 2016 to November