Author: Tony Redondo

Buyer’s Regret? Sir Keir Starmer’s Labour party

Just eight weeks after the 4 July General Election, there are signs that the UK may be experiencing “buyer’s regret” over its decision to elect Sir Keir Starmer’s Labour party. An Ipsos opinion poll conducted between August 9 and 12 shows that 52% of people believe the UK is heading in the wrong direction. Additionally, […]

Significant volatility

Currency Exchange Rates Update : Pound sterling; G10. The first half of August has seen significant volatility, with Pound Sterling experiencing sharp fluctuations. Initially, the pound dropped from being the best-performing G10 (top 10 economies in the world) currency this year to the worst in August. It then staged a recovery, hitting a three-week high […]

The Bank of England delivers its first cut

The Bank of England delivers its first cut The BoE (Bank of England) voted to cut interest rates for the first time since March 2020. Five members of the MPC (Monetary Policy Committee) including Governor Andrew Bailey, voted to reduce the Bank Rate by 0.25% while four, including chief economist Huw Pill, voted to hold […]

The return of Big Government: Sir Keir Starmer

The new Labour government of Sir Keir Starmer has seen the return of Big Government with the King’s speech last week outlining Labour’s plans for its first year in power. Labour wants to pass the first piece of legislation, a Bill to nationalise rail companies when their contracts expire, as soon as possible. Workers and […]

Landslide or Sandslide for Sir Keir Starmer

Bloomberg’s head of media David Merritt said on Bloomberg TV on Friday morning, there is a chance this is a ‘sandslide not a landslide’, a big result, but one that could as easily be washed away as many commentators compare it to Boris Johnson’s 2019, 80-seat win, “a mile wide but an inch deep.” In […]

It’s decision time: Elections

It’s getting close to decision time on both sides of the Channel with the French Parliamentary elections due on 30 June and 7 July and the UK General Election on 4 July. In the UK, the Conservatives are set for a truly historic loss according to Bloomberg’s poll of polls, showing the Conservatives on 20.9% […]

Markets Driven: Politics & Economic Decision Makers

The first week of June brought us the elections results from South Africa, Mexico and India, and the first G7 interest rate cuts since before the Covid-19 pandemic in Canada and the European Union.

Sunak announces UK election

Sunak announces UK election- political gamble Prime Minister Rishi Sunak announced the UK will hold a general election on Thursday, 4 July. Mr Sunak’s decision to hold a snap contest this summer represents a major political gamble, with the Tories currently lagging well behind the Labour Party in the opinion polls. Addressing the nation in […]

Calmer waters, volatility low for now

Calmer waters, volatility low for now. The currency markets have been relatively stable in the last two weeks, with volatility at its lowest point since the Ukraine war began in February 2022.Here’s a breakdown of what’s been happening with the major currencies and the factors affecting them: Pound Sterling (GBP)- positive and negative. Euro (EUR) […]

Uncertainty Reigns

Uncertainty Reigns: Navigating 2024’s Global Complexity Uncertainty over interest rate policy decisions by the foremost central banks around the globe. Uncertainty with our political leadership. This is the year of elections with over 40% of the world’s population eligible to vote in an election in 2024. Uncertainty over the outcome of a rising number of […]