It also
firmed against sterling and the yen.
Not exact matches
The two most immediate effects: First is the hit to
sterling, as uncertainty reduces nonresidents» appetite for UK assets
against the background of the UK's record current account deficit; second is the hit to growth, as
firms hold back on investment, and households increase precautionary savings.
The combination of robust growth at UK practices and the relative strength of
sterling against the dollar during the last financial year saw many London - based
firms rise up the revenue rankings.
Post Brexit, while some US
firms are taking opportunity of the strengthening of the US dollar
against sterling to make selective hires, top line revenues are stalling at most
firms who have transactional practices and recruitment by them is slowing.