Foreign Exchange forecast for November
This week we provide a FX forecast from Moneycorp, the provider of Chamber Foreign Exchange. You can download the forecast below and find out more about the service they offer.

We also provide details of our courses looking at letters of credit and compliance, plus events looking at trading with Chile, Colombia, Mexico and Brazil.

If you have any queries, please get in touch with our International Trade team by emailing or telephone 01223 237414.

Karen Cash
International Trade Team Leader
FX Forecast

Moneycorp outline the major exchange rate forecasts on their three most traded currency crosses. Forecasts are submitted by many large banking institutions, giving a broad view on the current market consensus.

At Moneycorp, they’re committed to reinventing how businesses, financial institutions, and consumers securely navigate the global payments market.

Download the FX Forecast for November 2022.

Moneycorp are the provider of Chamber Foreign Exchange. They can save your business money by creating a foreign exchange strategy tailored to your business needs. Highly competitive exchange rates, low or no fees, free online currency accounts plus access to Moneycorp online, a web-based portal for making payments and trading foreign exchange.
Letters of Credit
Tuesday 15 November, 9.30am-1.00pm

With the latest change in Egypt Trade, Letters of Credit are becoming more commonly requested around the world. Make sure your business has the knowledge to trade on a Letter of Credit now to avoid delays and financial impacts.
Import & Export Diagnostics
Thursday 24 November, 9.30am-1.00pm

Compliance, Compliance, Compliance!
Ensure your company has the right tools to be compliant in the new world of UK/International Trade.
You can view the full list of all our courses on the Chamber website.

Courses can also be tailored to meet your company’s specific requirements. For more information about a bespoke course for your company, which can be delivered remotely or in person, please contact the Chamber on 01223 237414.
UK Trade and Export Finance Forum
Thursday 17 November
Queen Elizabeth II Conference Centre, London

The UK Trade and Export Finance Forum brings together finance and business leaders for a full day of presentations, case studies, panels, workshops, and networking.

The Forum will cover the latest developments in export and trade finance and explore the importance of realising the export potential of emerging net zero technologies.

Register here.

Global Entrepreneurship Week (GEW) UK

Taking place from Monday 14 - Sunday 20 November, GEW celebrates entrepreneurship through events, activities and competitions taking place across the nations of England, Scotland, Wales and Northern Ireland as well as countries around the world. Shevaun Haviland, British Chambers of Commerce Director General, will be a keynote speaker at the official launch, full day conference on Monday 14 November.

See more information and register here to attend virtually or in person.

Chile: Open for Business
Tuesday 22 November, 4.00-5.00pm

Have you ever considered Chile as the next country you export to?
The opportunities are vast and Chile is definitely Open for Business!

We are delighted to be working with the British Chilean Chamber of Commerce and Bedfordshire Chamber of Commerce to bring you this informative online session.

Register for your free place here.

Doing Business in Colombia, Mexico and Brazil
Wednesday 23 November, 3.00-5.00pm
Organised by the British and Colombian Chamber of Commerce

Join experts from member firm JA Del Rio together with VBR Brasil to provide in-depth analysis of the business and legal opportunities across Colombia, Mexico and Brazil. Presentations are strongly encouraged for individuals who are doing business or looking to do business in Latin America.

Register here. 
Last week, the British Chambers of Commerce (BCC) took part in a roundtable at the Social Market Foundation in London ahead of the publication of a new report on exports and e-commerce. They raised key challenges for SME exporting firms on VAT compliance and the need for end-to-end export support in supplying overseas customers.

The BCC have participated in discussions with officials from the Department for Business, Energy and Industrial Strategy on the future of UK Conformity Assessed (UKCA) and CE marking of construction, manufactured and other industrial goods. A clear message was given around the need for urgent action, clarity and stability only eight weeks out from the proposed rollout of UKCA.

The BCC also had meetings at Westminster on the forthcoming Committee Stage of the Retained EU Law (Revocation and Reform) Bill which begins this week. They outlined their key positions and look forward to making a written submission to the Public Bill Committee this week.

During International Trade Week, Kemi Badenoch MP, Secretary of State for International Trade called for green investment to future proof the economy at the Green Trade and Investment Expo in Gateshead. She said green overseas investment in the past two years had created over 11,000 jobs and was worth £20bn to the UK economy.

The Pink Book 2022 was published by the Office for National Statistics last week. It outlines the UK’s international economic and trade position for 2021. Read the key findings here. 

Trade negotiations with Switzerland are expected to begin soon, with a focus on professional labour mobility and services market access, as both parties seek to upgrade the continuity agreement reached on trade in goods during the UK’s exit from the EU.

A call for evidence on a key UK export market - South Korea - is due to be launched soon. The revisions to the two countries’ trade agreement are required to deal with commitments on rules of origin but may also seek to deepen access on digital trade, green trade, and services.
Contact the Chamber

01223 237414 •
Cambridgeshire Chamber of Commerce
Clifford House, 2 Station Yard, Oakington, Cambridge, CB24 3AH