Pound slump exacerbates Brexit impact for German exporters - DIHK

Pound slump exacerbates Brexit impact for German exporters - DIHK
 

Britons' vote to leave the European Union is already affecting German exports to Britain and a drop in sterling, which hit a 31-year low on Friday, is making things worse, Germany's DIHK Chambers of Industry and Commerce has said.
"Brexit is already weighing on the German economy," DIHK managing director Martin Wansleben told German daily Welt after the chambers of commerce surveyed 5,600 German firms.
"Faced with the decline of the British pound, German products in the (United) Kingdom will be much more expensive, and our export growth to the UK will also fall below zero... read more

 
10 October 2016 in Business, Views: 34
Source: Reuters
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