Back to insights Press Clippings

[IQ]

UK biz watches the markets as election looms

The election, which is being dubbed the “most important poll in a generation” by some commentators, is the third of its kind in less than five years.

Centtrip: UK biz watches the markets as election looms

As millions across the UK post their vote in today’s (12 December) general election, financial technology firm Centtrip, which works with over 500 clients in the music industry, has predicted how currency markets may react to different electoral outcomes.

According to Centtrip, the pound sterling could fluctuate by as much as 10% depending on the outcome of the vote, as the possibility of a hung parliament looms large and the continuation of Brexit uncertainty rumbles on.

Professionals across the UK industry should closely monitor the vote, say Centtrip, to determine how to mitigate risks to live events in the case of a currency swing, as volatility in foreign exchange markets can have a significant impact on the live industry, affecting touring income, royalty payments and festivals, among other areas.

Read the article in full: IQ

Related Insight

More Insights