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Many market players stoic in response to Brexit uncertainty

Brexit Roulette ©Björn Braun 200% - stock.adobe
Brexit Roulette ©Björn Braun 200% - stock.adobe
24 Jan 2019 − 

Market experts who spoke to EUWID are taking very different approaches to Brexit and the related uncertainty. Many of them noted that it was completely impossible to make any kind of sensible arrangements in the face of the considerably uncertainty around the UK's exit from the EU.

A few merchants and paper manufacturers in other European countries had already raised their inventory levels and made sure that they had enough transport capacity available to meet customers’ anticipated requests for additional volumes in February and March.

Some packaging producers reported that their customers had urged them to build up their inventories. In one instance, a manufacturer was reportedly considering relocating its production facilities outside the UK.

Lorry deliveries were expected to take much longer and entail significantly higher costs, market players said. In comparison, those sending deliveries by ship were expected to encounter somewhat fewer new difficulties after the UK exits the EU.

A very large number of market players are still waiting to see what happens, though. They noted that it was completely impossible to make any kind of sensible arrangements in the face of this considerably uncertainty. One expert remarked that "all we will end up doing is losing and burning a lot of money.”

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