It’s important that businesses like yours are ready for the challenges and opportunities Brexit brings. To be fully ready, you need to be fully informed. Amid the uncertainty of the outcome we‘ve introduced a series of new business supports that can help you face this with a greater degree of confidence. These include ongoing sector updates, and new business currency supports.
Our teams would be happy to discuss how we can help your business to grow, trade internationally, or manage currency risk over the next number of months.
Watch the latest Bank of Ireland Market update from Lee Evans, Head of FX Trading and Strategy, and Vincent Killeen, Markets and Treasury Senior Manager, and find out how the currency market has reacted in recent weeks following the return of Brexit negotiations and Super Tuesday in US.
Recorded on 5th March 2020
Industry experts and customers who spoke at our Cavan Brexit event share advice on how to prepare for Brexit.
- Latest News
- Brexit Checklist
- Import/Export guide
- Currency Risk Guide
- SBCI Loan Scheme
- Customer Update
- Government initiatives
- Business Guide
19th March 2020 – Sterling plunges against the Dollar and ten year lows recorded against the Euro Read more
12th March 2020 – Euro/Sterling trading above 88p Read more
6th March 2020 – Economic sentiment little changed in February Read more
27th February 2020 – Brexit negotiations come back into focus Read more
20th January 2020 – Sterling on back foot as UK Chancellor Sajid Javid vows EU rules divergence Read more
6th January 2020 – The Pound under pressure in recent weeks Read more
13th December 2019 – Conservative Party win significant majority in yesterday’s UK General Election Read more
29th November 2019 – EUR/GBP traded at its lowest level since May yesterday morning Read more
27th November 2019 – Sterling under pressure as Conservative lead narrowing Read more
14th November 2019 – Recent lows for EUR/GBP as preparation for the UK election continues Read more
6th November 2019 – Strong day for Sterling yesterday Read more
31st October 2019 – Sterling gains after General Election news Read more
29th October 2019 – Business sentiment rises on Brexit deal hopes but consumers remain wary Read more
23rd October 2019 – Brexit legislation paused despite majority vote on Withdrawal Agreement Bill Read more
18th October 2019 – Spotlight now turns to Saturday’s vote on PM Johnson’s Brexit deal. Read more
17th October 2019 – The EU & UK announce that a Brexit deal has been reached. Read more
16th October 2019 – Sterling continues to rally as Brexit negotiations progress. Read more
14th October 2019 – Queen Elizabeth opens new session in parliament to outline PM Johnson’s plans. Read more
11th October 2019 – Sterling rallies following last night’s statement by An Taoiseach and the UK Prime Minister. Read more
9th October 2019 – Brexit headlines continue to induce currency volatility. Read more
1st October 2019 – Sterling opens marginally stronger vs. both the Euro and Dollar. Read more
27th September 2019 – Bank of Ireland Hosting SME Brexit Briefings. Read more
25th September 2019 – The UK Supreme court ruled that the order to suspend the UK parliament was unlawful and should be quashed. Read more
24th September 2019 – The Government has made an appeal for thousands of UK licence holders residing in Ireland to exchange their driving licences in advance of Brexit. Click here
23rd September 2019 – Irish investors succumb to the Brexit boogeyman. Read more
20th September 2019 – Sterling reached its highest level in nearly two months after Juncker’s interview on Sky yesterday. Read more
19th September 2019 – Investors suffer a dose of the Brexit blues. Read more
17th September 2019 – Sterling’s recent move higher has stalled somewhat. Read more
13th September 2019 – Download the Government’s ‘Brexit Ready’ Booklet for Businesses. Read more
13th September 2019 – Sterling opening up on the front foot this morning. Read more
12th September 2019 – No reaction in Sterling at the open in response to the Government’s release of Yellowhammer. Read more
10th September 2019 – Sterling is by far the significant outperformer, with market perceptions of No Deal options receding. Read more
9th September 2019 – Last week was the fourth consecutive week of Sterling gains. Read more
6th September 2019 – Sterling has continued its dramatic rally. Read more
5th September 2019 – Sterling strength has continued following subsequent defeats for UK PM Johnson in parliamentary votes. Read more
4th September 2019 – Sterling has recovered following events in House of Commons. Read more
3rd September 2019 – Pound trading at its lowest levels against the Dollar since the flash crash of 2016. Read more
30th August 2019 – Sterling continues to hold its ground against most major currencies. Read more
28th August 2019 – Sterling Flash Update. Read more
26th August 2019 – Brexit concerns weigh on Consumer and Business sentiment in August. Read more
26th August 2019 – A volatile week for Sterling. Read more
1st August 2019 – Significant moves in Sterling in recent days. Read more
4th July 2019 – Bank of Ireland launches SBCI Future Growth Loan Scheme Fund – Read more
24th June 2019 – Consumer sentiment up slightly in June. Read more
23rd May 2019 – Irish businesses pursuing investment opportunities despite Brexit uncertainty. Read more
8th May 2019 – After a brief hiatus, Brexit related currency volatility has returned to the markets. Read more
4th April 2019 – The Government’s Brexit Portal is updated with useful advice for those purchasing goods online Read more
2nd April 2019 – Government advice on driving Irish-registered vehicles in Northern Ireland and Great Britain Read more
1st April 2019 – Sterling falls as May’s withdrawal agreement is defeated once again
25 March 2019 – Bank of Ireland Economic Pulse down in March: Brexit has continued to make waves and temper the mood. Read more here
21 March 2019 – UK granted unconditional extension to Article 50 until April 12, extending to May 22 if deal is passed beforehand
The EU eventually offered the UK an unconditional extension to Article 50 until April 12 which extends to May 22
if the British withdrawal deal is passed before hand. This will reduce the cliff edge risk a no-deal crash-out next week but assuming Parliament
won’t support May’s deal, the UK will within three weeks face a choice between a long extension or a no-deal Brexit
14th March 2019 – Brexit uncertainty drives saving sentiment to all time high. Read more here
13th March 2019 – Read our summary of last night’s Brexit Deal Vote and impact on currency markets this morning
6th March 2019 – Download a copy of our new Guidance for importers and exporters
4th March 2019 – Download a copy of our new Brexit Checklist for Businesses
20th February 2019 – Bank of Ireland has launched a €2bn Brexit Fund to help businesses across the island of Ireland prepare for the UK’s departure from the EU.
Prepare for Brexit Checklist
It is important that businesses understand the potential impact Brexit could have on their business. To do this, a company may want to consider looking at a variety of areas to assess potential impact.Download our checklist
With the Brexit deadline fast approaching you may be considering what will happen to your East-West trade imports and exports if there is a no-deal scenario, or after any transition period if a deal is agreed between the UK & EU.
Our guide for importers and exporters provides some useful pointers on next steps to prepare your business for trading post-BrexitDownload the Guide
Don’t sit back – prepare.
The clock is ticking towards the UK’s exit from the EU. In this period of uncertainty, it is tempting to adopt a “wait and see” approach, but now is not the time to sit back.
If your company is importing from, or exporting to the UK, now is the time to consider the implications Brexit may have on your business.
The Global Markets team at Bank of Ireland are here to support you and your business as we go through this journey.
This 6 Step Guide will explain how companies can plan for, and reduce currency risk.
The SBCI Brexit Loan Scheme is offered in partnership with the Department of Business Enterprise and Innovation, the Department of Agriculture Food and the Marine and is supported by the InnovFin SME Guarantee Facility, with the financial backing of the European Union under Horizon 2020 Financial Instruments.
The SBCI Brexit Loan Scheme will operate from 3rd April 2018 until 31st March 2020 or until the scheme has been fully subscribed.Find out more
As the Brexit process continues to evolve and irrespective of the final conclusion between the UK and the EU, Bank of Ireland would like to reassure customers that the continuity of our services in the UK and Ireland will be fully maintained.
Post Brexit there will be some technical changes applicable to a small number of our UK deposit customers – More information
Aside from this, there is no expected impact to your product holdings or relationship with the Bank of Ireland Group, including Bank of Ireland UK plc and its partnerships with the UK Post Office, the AA and in Northern Ireland.
Consequently there is no need for you to take any action at this time and we will continue to update this website as necessary.
We are on hand at all times to respond to any queries you may have. If you have any questions, please feel free to contact your relationship manager or regular business contact and they can support.
As always, we would like to thank you for your valued business.
Brexit and travel between Ireland and the UK 12th Feb 2019
It is timely to provide an update on travel and working arrangements between Ireland and the UK.
The Common Travel Area agreement between the Republic of Ireland and the UK is a long-standing arrangement which enables Irish and UK citizens to travel and reside/work in either jurisdiction without restriction. The Common Travel Area agreement predates membership of the EU by both Ireland and the UK and is not dependent on any final agreement between the EU and the UK. Therefore, in the event that the EU and UK do not agree Brexit terms before the end of March 2019, there is no impact on working or travel arrangements for Irish and UK citizens in either jurisdiction. Reciprocal visa-free travel arrangements are anticipated to prevail in respect of travel between other EU countries and the UK.
The decision of the United Kingdom to leave the European Union presents unprecedented political, economic and diplomatic challenges for Ireland. The way in which we deal with these challenges will be a major factor in shaping the future of our island and our relationship with Britain for years to come.
Learn about the work the Government is undertaking to protect your interests in the Brexit negotiations, and the steps being taken to get Ireland Brexit Ready.
Find out more about the Government’s most recent engagements, outreach events, and ongoing consultation work on Brexit. You can find information about the resources and financial supports available from all Government Departments and Agencies to help businesses to prepare for Brexit. You can learn about what Brexit means for you as the negotiations continue, the things that will change and the many things that will stay the same. You can also access comprehensive Frequently Asked Questions sections, and read Key Documents published by the Government outlining our negotiation strategy and preparations for the potential impacts of Brexit.
This site includes links to a wide range of Government and independent research reports that provide a broad analysis of all key issues and sectors.Find out more