FX Week

Tide begins to turn for cross-border M&A

Analysts suggest global M&A activity will stay flat in the fourth quarter, with a bias towards domestic deals in place of cross-border activity, limiting the impact on foreign exchange.

Mat Bhagrath, a partner at Grant Thornton Corporate Finance in London, said economic growth remains tentative and as a result firms are more inclined to complete domestic deals.

"Though UK corporates are growing in confidence, they are not keen to go beyond their borders," he said. "This is because they want t