The Institute of Export & International Trade and Bibby Financial Services have joined forces to support UK importers and exporters dealing with currency fluctuations
The Institute of Export & International Trade (IOE&IT) and independent financial services providers Bibby Financial Services’ new partnership will provide the UK’s exporters and importers with regular updates and tools relating to international currency markets. UK SMEs involved in international trade are particularly vulnerable to currency fluctuations and Brexit, in particular, has and is still having a major impact on the value of the pound.
As a result of this new partnership, Bibby Financial Services will offer daily bulletins on the currency markets to members of the IOE&IT, an online Currency Calculator tool on the IOE&IT website; articles and presentations in the IOE&IT’s journal and programme of regional ‘World Trade Summits’; and free webinars supporting exporters and importers on how they can mitigate the impact of currency rate fluctuations.
“The impact of Brexit has been two-fold for UK SMEs; more expensive imports and currency volatility,” said Andrew Perris, UK head of FX at Bibby Financial Services. “To enable businesses to take advantage of growth opportunities, we must do what we can to create a supportive environment for them to flourish. We’re thrilled to be working with the IOE&IT to offer UK importers and exporters the knowledge and support they need to navigate these uncertain times and unlock the opportunities that international trade can bring.”