As the UK prepares to leave the EU, Lee McDarby, Director of Corporate FX at moneycorp explains why the fishing community should have a plan around currency exposure.Brexit is set to change the landscape of the fishing industry. Leaving the single market means fishermen could lose access to their current supply and distribution chains, and will need to organise a whole new set of certification to export wild-caught marine fish to the EU. It's unsurprising therefore that initial confidence in Brexit's ability to protect British fishing waters has turned to concerns over border delays and the impact it will have to existing supply chains.
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