The Dollar bombs
8 March 2025 by Tony Redondo Currency Exchange Rates Update The Trump administration’s Hokey Cokey ‘Tariffs on, tariffs off’ decisions are creating ever more uncertainty and taking their toll on the financial markets. It’s far too early to even suggest the US dollar’s status as a safe-haven asset and reserve currency is under serious threat […]
Tariffs
01 March 2025 by Tony Redondo There has been much activity in the first weeks of Donald Trump’s second term as President, but one subject has dominated above all, tariffs. Trump has so far announced plans to impose a 25% tariff on all imports from the EU, Canada and Mexico. There is no start date […]
Pound up despite UK ‘doom-loop’
23 February 2025 by Tony Redondo David Smith in the Sunday Times says the economy is at risk of entering a “doom loop” where weak growth necessitates further tax hikes. The UK economy is experiencing sluggish growth. The OBR (Office for Budget Responsibility) is forecasting a potential increase in the tax burden to 36.4% of […]
German Fallout
15 February 2025 by Tony Redondo The German federal elections are scheduled for next Sunday, 23 February and the betting is that Friedrich Merz, leader of the CDU (Christian Democratic Union) will be the new chancellor. If the AfD (Alternative for Germany) gets into government, it will be a big political shock in by far […]
UK on stagflation watch
08 February 2025 by Tony Redondo As widely expected, the BoE (Bank of England) cut interest rates for the third time in six months last week by 0.25% to 4.5% and confirmed flat economic growth up until the end of 2024. The BoE then went ‘off script’ with a new forecast for inflation of 3.7% […]
Brexit or Brino?Â
01 February 2025 by Tony Redondo Four years since Brexit officially took effect on 31 January 2021, the UK’s departure from the EU remains a divisive topic. Some argue that what we have is closer to Brino (Brexit in Name Only) due to the continued influence of EU regulations in certain areas. Others claim Brexit […]
One millionaire has left the UK every 45Â minutesÂ
25 January 2025 by Tony Redondo One millionaire has left the UK every 45 minutes, an increase of 157% since Sir Keir Starmer’s Labour Party won the general election. In 2024, the UK has lost 10,800 millionaires overseas, more than double the number in 2023 according to figures compiled by analytics firm New World Wealth […]
The return of TrumpÂ
18 January 2025 by Tony Redondo This Monday is a US national holiday (Martin Luther King Day) and the inauguration in Washington DC of Donald Trump as the 47th POTUS (President of the United States). Currency Exchange Rates Update The Pound Sterling was the best performing G10 currency in the first half of 2024 and […]
Back to 1976Â
11 January 2025 by Tony Redondo What a first full week of the new year. The speed and extent of the moves in the financial markets may have drawn comparisons with the fallout from Liz Truss’s mini-budget in October 2022 but according to former BoE (Bank of England) interest rate setter Martin Weale and others, […]
Welcome to Two Thousand and Twenty ThriveÂ
04 January 2025 by Tony Redondo Happy New Year everyone. As this is my first blog of the year, I am determined to start on a positive note so here are several reasons to be cheerful about 2025: – – The Pound Sterling was 2024’s Second-best Performing G10 Currency. – Bank of England Governor Andrew […]