Corporate FX deals up 102% since UK referendum

UK exporters benefit from the weaker pound, according to in-house data from Moneycorp

Sterling rate falls
Good for UK exporters: the pound is still 11% weaker than it was pre-Brexit

Volumes of overseas payments at foreign exchange specialist Moneycorp have increased by 102% in the eight weeks since Britain's referendum on its membership of the European Union, compared with the flows seen in the two months before June 23, as businesses benefit from a weaker pound.

Total transactions for existing clients who traded in the lead-up to and after June 23 was roughly £82 million ($108.3 million) in what appears to be a positive signal for UK business confidence, said the currency

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