Foreign exchange strategy expert Jane Foley, Crayfish co-founder Jiao Li, and Washington Post columnist Anne Applebaum discuss Brexit's impact on the pound, UK-China relations, and Britain's reputation. They explore how cheaper British goods are attracting Chinese buyers and the varying perceptions of Brexit's consequences on the UK's future.
The value of the pound reflects the state of the nation amidst Brexit uncertainties.
British brands are more appealing to Chinese buyers due to lower prices and quality perception.
Deep dives
Impact of Brexit on Financial Markets and Investors
The uncertainty surrounding Brexit continues to weigh heavily on financial markets and investor decisions. The value of the pound has experienced significant fluctuations, reaching a three-year low against the dollar. Businesses face challenges with investment decisions and market relationships amid the political and economic uncertainties posed by Brexit. The shift towards political analysis over traditional economic considerations reflects the current climate where political factors have a greater influence on financial markets.
Effects of Brexit on British and Chinese Business Relationships
Brexit has prompted changes in how British and Chinese businesses perceive each other, leading to new opportunities and challenges in their relationship. British businesses are exploring the Chinese market more closely, viewing it as a strategic opportunity post-Brexit. Similarly, Chinese investors find the UK more attractive due to the depreciated pound and uncertainty in other global markets. The perceived quality and heritage of British brands remain a strong appeal for Chinese consumers and businesses alike.
Global Perception of Brexit and Brand Britain
The perception of Britain and its democracy has shifted globally due to the handling of Brexit, impacting the country's reputation and relationships. Brexit is viewed as chaotic and has eroded the efficiency and pragmatism historically associated with British governance. The prolonged Brexit process and its ripple effects on international partnerships suggest a prolonged period of uncertainty and political reshaping for Britain and its standing in Europe.
What the rest of the world makes of the UK's Brexit crisis. Manuela Saragosa speaks to Jane Foley, head of foreign exchange strategy at Rabobank, about what the pound's value says about the state of the nation. Jiao Li, co-founder of a company called Crayfish, which helps UK companies better engage with China, explains why cheaper British goods are making them more attractive to Chinese buyers. And Washington Post columnist Anne Applebaum on the view from Europe.
(Photo: Union Jack paraphernalia, Credit: Getty Images)
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