Corporate FX Commissions Research on Importing, Exporting and Currency Fluctuations
Corporate FX, part of foreign exchange group Global Reach Partners, recently commissioned The Forum of Private Business to conduct research on importing, exporting and currency fluctuation issues concerning UK SME’s.
The report found that more than half of small and medium sized businesses (SMEs) (55 per cent) believe that currency fluctuations are threatening their ability to trade overseas. This is compared with just a quarter of firms who cite increased shipping costs (26 per cent) and the payment of additional import and export duties (24 per cent) as significant threats to their cross border trade.
For a copy of the full report, please contact BAB member Matthew Clarke on +44 (0) 20 7743 7098 or by email on matthewclarke@corporate-fx.co.uk
