UK exporters face mounting uncertainties under the influences of President Trump in the US, and as the Brexit clock ticks down.
November 28, 2018 — 2 min read
**In Conversation: Exporting in an environment of risk to achieve sales growth**
Welcome to In Conversation, foreign exchange insights and discussions from XE to support businesses that send or receive international payments.
2017 and 2018 have been tense years for exporters, as we enter a new post-Brexit and post-Trump world. Yet the UK economy has so far appeared to be buoyant and resilient. Against this backdrop, we were delighted to sponsor The Business Magazine’s recent roundtable “Exporting in an environment of risk to achieve sales growth”, also sponsored by global supply chain solutions company Charles Kendall Freight and UK Export Finance, to discuss the current challenges and opportunities for UK exporters.
There was a feeling of confidence and excitement in the room at the potential opportunities available around the world. It was suggested that perhaps there has been too much focus on trade with Europe in the past as it is the closest market to the UK, but that there were also opportunities around the world, particularly in America, Asia, Africa and the Middle East. Some contributors already deal with markets outside the EU and felt there was potential to grow in these areas. Others intend to keep their focus on Europe but remain confident that they will find a way to continue this post-Brexit.
Overall, the group felt that as long as businesses continue to be flexible and adaptable, there is potential for them to take advantage of upcoming opportunities, despite the potential risks. Watch the video below to hear reactions from some of the contributors:
You can find more details of the topics discussed and read examples from exporters with experience both within and beyond the EU on The Business Magazine website.
If you would like to find out how XE can help your business to manage international payments and minimise the risks of foreign exchange volatility, please contact our Corporate Team in the office nearest you.