The UK’s decision to leave the European Union in June created plenty of economic and political uncertainties, but also a unique advantage for the UK’s online sellers. Exchange rates for converting sales from the US and Europe into British pounds are at their most favourable in years, allowing you to price competitively in overseas markets and boost profit margins.
The Department for International Trade, Avalara and Currencies Direct are coming together in a webinar to help you take advantage. Topics to be covered will include:
- Ensuring local tax compliance across the US and Europe
- Maximising profits by managing foreign exchange risks
- Overcoming the common barriers of cross-border selling
- Identifying your business growth potential and preparing to export
The webinar will take place on Monday the 17th of October at 3pm UK time. Register now to reserve your place.
One Response
There may be some short term benefit for anyone who bought inventory before the June referendum, but given how highly the UK’s vertical supply chain is integrated with EU countries, any benefit will be offset by rising prices, even for products ‘made’ in the UK. Furthermore, it looks highly like that UK sellers will be faced with regulatory (this is very important) and tariff barriers trading outside the UK once the UK exits the EU, meaning selling outside the UK and buying anything from the EU and beyond will be very difficult.
UK sellers are in for a very rough time.