Join us for the next edition of our Business 101 series on 5 March 2025 with an exclusive webinar exploring managing currency risk in volatile markets with UKFT Associate Member Smart Currency Business.

In the textiles industry many businesses will be either importing or exporting stock, exposing them to the complexity and volatility of the foreign exchange market. Due to a myriad of different economic and geo-political factors, the last few years has seen the pound fluctuate by over 25% against some currencies such as the dollar, resulting in a significant knock-on effect to our member’s profit margins, cash flow, and the bottom line. As the textiles industry is characterized by high volumes but tight profit margins, even small impacts on margin can drastically affect business performance, especially if prices can’t be constantly adjusted in response to market changes.

This currency risk webinar will :

• Review market volatility and its impact on the pound
• Analyse how business performance can be affected
• Review the available tools and processes available to safeguard your business.
• Discuss key factors to consider when formulating a currency strategy, common pitfalls to avoid, and how to ensure your strategy aligns with your business model.

Speaker: Tobias Woodward

Toby Woodward runs the Corporate Partnerships desk at Smart Currency Business and has been helping SMEs navigate the Currency markets for over 10 years. Tobias works with a portfolio of cross sector partners, helping their clients understand and manage currency risk in order to protect their business. He’s also a long-suffering Tottenham supporter and is kept awake most nights by his nocturnal newborn.

*This webinar will be recorded and sent to attendees after the session.

** UKFT members can email info@ukft.org for a complimentary member ticket.