This article was published before we became the Chartered Institute of Export & International Trade on 10 July 2024, and this is reflected in references to our old brand and name. For more information about us becoming Chartered, visit our dedicated webpage on the change here.

We spoke to Michael McGowan, the Managing Director at Bibby Foreign Exchange Ltd, at the London World Trade Summit about the strategic partnership between the Institute of Export & International Trade and Bibby FX.

You can read our report of the London World Trade Summit here


Transcript of interview

“These events are really important. We’re in a situation now where we’re in an economy that’s got more uncertainty than we’ve seen for a number of years.

“These events that the IOE&IT put on, which we’re really pleased to support, are there to help businesses who are considering exporting for the first time or looking at new markets.

“We feel collaborating on both the export finance and FX sides is vital and a real added benefit that we bring to the IOE&IT.”

An FX partnership that keeps the UK’s exporters informed

With so much uncertainty around Brexit, the value of the pound continues to fluctuate regularly, impacting the bottom line of importers and exporters within the UK. It remains crucial for UK businesses – particularly SMEs – to stay on top of currency fluctuations.

The partnership between BFX and IOE&IT provides:

  • Daily bulletins on the currency markets to members of the IOE&IT
  • An online Currency Calculator tool on the IOE&IT website, which provides spot conversions for a company’s immediate needs
  • Thought leadership articles and presentations in the IOE&IT’s ‘World Trade Matters’ journal and programme of regional ’World Trade Summits’
  • Regular free webinars supporting exporters and importers on how they can mitigate the impact of currency rate fluctuations

This programme of activities is supported by BFS’s world class team of FX specialists, providing a platform for UK businesses to trade confidently overseas.