Our survey quizzed 150 financial directors, controllers and managers across the UK about their experiences of and attitudes towards currency volatility. Respondents ranged from small businesses with fewer than 50 staff to large enterprises with more than 1,000 employees. All spend at least £500,000 per year on foreign currency transactions.
The results show that companies of all sizes are affected by the uncertainties of the FX market. All are concerned by the risk it poses to their profitability and business planning. However, we found a marked difference in the reasoning behind company’s FX trades and their predictions for sterling, dependent on the size of the company.