64% Of Businesses Didn’t Make A Foreign Currency Transaction In Q1 2017
64% of UK small businesses failed to make a single foreign currency transaction in Q1 2017, as international trading begins to slow down -according to a report by World’s First. The Global Trade Barometer has revealed that UK businesses transferred 17% less on average per currency transaction in Q1 2017 compared to Q4 2016 – a fall from £48,000 to just £39,000. % of small businesses not making a foreign currency transfer Q1 2016 27% Q2 2016 31% Q3 2016 33% Q4 2016 28% Q1 2017 64% Current political and economic uncertainty appears to be compounding matters, with 30% of respondents saying they’ve felt the negative impact of exchange rate movements in the last quarter. Moreover, 22% admit their worried about rises in inflation negatively impacting their business, with the same p... »