Nigel Cox: The volatility in the value of sterling is likely to persist for some time.

Nigel Cox, Managing Director Timbmet is BMBI’s Expert for Timber & Panel Products

Possibly the least considered consequence of the Brexit vote is the sharp increase in the number of urgent and important challenges and decisions piling up in politicians’ and civil servants’ in trays. They’ll take a considerable time to resolve, so we’ll have to be patient with continuing uncertainty.

It’s too early to say what this will do to demand for Timber and Panel Products. But we are confident that the industry’s robust supply chains and accreditation schemes will ensure there are no concerns over product availability.

The volatility in the value of sterling, particularly against the US dollar and Euro, is likely to persist for some time. This will affect the cost of imported products and we recommend buyers check prices regularly for certainty.

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