The UK’s shipbroking sector can expect elevated profits to be lifted even higher this year thanks to sterling taking a pounding on the money markets.
The UK currency fell to a record low against the US dollar after new chancellor Kwasi Kwarteng revealed a mini-budget containing £45bn ($50.1bn) of unfunded tax cuts towards the end of September.
A strong dollar and a weaker pound are positives for any company that does most of its business in dollars and has its biggest costs in sterling, as brokers do.
