Reuters CFO Survey: Most firms have not changed strategic planning due to Brexit
A survey of chief financial officers (CFO) across Britain and Europe conducted by Thomson Reuters revealed the following:
69 percent of businesses had not seen an impact from the vote for Brexit on their strategic planning
"The results suggest a relatively muted response from business so far - not the knee-jerk reaction that some expected," said Laurence Kiddle, managing director for the EMEA Tax & Accounting business of Thomson Reuters
12 percent of CFOs had investigated moving operations out of Britain
34 percent said that they anticipated the number of employees in the UK decreasing
19 percent said that they planned to relocate staff as a result of Brexit
21 percent of all CFOs saying they had have held off from expanding in the UK as a result of the vote
UK FinMin Hammond is more trusted than UK PM May by UK and EU businesses
UK and EU businesses have most confidence in Bank of England (BOE) Governor Carney in generating a positive deal for their industry
Author
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
