EU Summit -2017

The EU summit started on Saturday and the 27 EU countries have made a decision to support  EU president  Donald Tusk's tough negotiating standards for the Brexit.  It is clear that the EU is not going to back down on the divorce issues of the Irish border, citizen rights, and the 60 billion euro divorce bill for leaving the EU.- Sacha B

EU leaders agree on tough stance at special Brexit summit

Brexit - how are businesses handling the changes in the market

How are businesses reacting to the Brexit in the midst of uncertainty? It seems to be making an impact on the type of industry more that the individual businesses. Although we have seen the pound plummet to as low as 31% below the dollar it is currently sitting at 15%  and slowly improving, Stocks have done better than the pound.  Corporations such as Softbank( Japanese), Chinese-owned AMC Entertainment, and Qatar Airways have all responded favorably.  Unilever had price disputes from the increased costs of imports they temporally pulled some products out of the market. This effected some grocery staples in the UK market. -Sacha B.

 How ‘Brexit’ Could Change Business in Britain

2017 General Election

The article below contains some great insight and U.S. opinions on the upcoming U.K. elections. With a great relationship between the two countries, Paul Ryan praised the Prime Minister who made a bold stand on the way the country was heading. AS we all know, economy is largely connected to political happenings, so the election could have huge effects on the current U.K. economy, only time can tell. But with all this said, Paul Ryan goes on to say that we will stand beside them and support them with their election decision going forward.

http://www.ibtimes.co.uk/paul-ryan-reaffirms-us-commitment-uk-nato-london-visit-1617717

Forecasting a Great Future for the U.K. Economy

After initial outlook was not positive for the U.K. economy after the Brexit, the IMF has recently changed their forecasting. Raising over 2% since the last review, the U.K. economy looks to expand on a steadily growing international market.  The initial prediction was based on the difficulty of  establishing their market after the brexit and set up connections with the European Union and trade partners. After a strong start out of the gate, professionals do fear that they may not be able to keep up with steady growth. All the IMF can do is make predictions on current numbers but with a positive outlook in the near future, the economy in the U.K. is looking up.

https://www.theguardian.com/business/2017/apr/18/imf-ratchets-up-uk-economic-growth-forecast-to-2