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Given the current environment, where for most businesses, every penny counts you may understandably be looking at areas where you can save money. For exporters and any business dealing overseas, your foreign exchange solution will also be an area where you may look to cut costs. There’s many aspects of…
Throughout the coronavirus pandemic, many manufacturers have switched their efforts in order to produce materials, equipment and products to provide protection to key workers and help treat those with covid19. Adjusting to the current climate has seen Formula One teams making ventilators and breweries making hand sanitiser gel. For others…
The esports industry is one that is growing rapidly and as the number of professional gamers and audiences sizes both increase, more and more businesses are sitting up and taking notice. This has particularly been the case throughout Covid19 as many professional sports competitions have faced cancellation or postponement, many…
Whilst for most of us the Brexit negotiations and finer details of how we will leave the EU are far from people’s minds due to the Coronavirus outbreak, the UK government is still adamant that we will have a deal on the table by the end of 2020. During this…
At a time where saving money for businesses is crucial, finance teams need to be aware of how this can be done and explore every cost-saving option. Foreign exchange costs are a problem for many businesses who import or export overseas and for those who may have had a drop…
We’ve already seen how the global pandemic can affect foreign exchange. Market volatility is always a risk for businesses that deal with international payments. Changes in an exchange rate can push up the cost of goods and services which can put profits at risk as well as making it more…
With all that has been going on over the past few weeks with lockdowns, figures on the infected and who should be self-isolating, you would be forgiven for not following the currency markets over this period as you usually would. The global economy will suffer massively because of the coronavirus…
We hear a lot of talk about FX risk and protecting profits against fluctuations in exchange rates, but understanding when your bottom line may be at risk is equally as important. By not recognising the risks early enough and acting while in a position of strength, you will continue to…
Today’s the day that the UK leaves the EU. With so much being made of what may happen to the UK economy in the short-term and long-term, what can we expect for the Pound following on from this week? The GBPEUR rate was particularly volatile in 2019 as political announcements…
The retail industry is more competitive than ever with more and more businesses trying to undercut one another and consumers demanding more in terms of service and how they shop. Many retailers are therefore reducing their profit margins to remain competitive. However, this combined with weak global economies and fluctuations…