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News

16 June 2016

In or Out?

June 23rd Sees Britain face a referendum on our membership of the EU. The TV, Radio and Newspapers are full of debate daily about the merits of remaining, and of Brexit. It looks like it will be a very close result.

Whichever way the vote goes, TransXL will continue to work closely within the EU, as our largest market. The most significant outcome for TransXL will be the shift in Euro to GBP Sterling exchange rate. The stronger GB sterling becomes, the more expensive our inventory is, but the easier it is to invest in equipment in the Eurozone. The reverse of course is true if GB sterling weakens over the coming days.  We await the result with great interest!


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