Media Coverage & Expert Insights 2024
Featured exchange insights and commentary from Tony Redondo on currency markets, international payments, and global economic trends.
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View Our 2024 Commentary & Media Coverage
16 December 2024
Recession fear turns screw on Bank of England to cut interest rates
Tony Redondo, Founder at Cosmos Currency Exchange, pointed to recent research by Julian Jessop, economics fellow at the IEA, who said the UK should be placed on “recession watch”.
05 December 2024
Eurozone meltdown warning as Michel Barnier's 'political Waterloo' risks 'chain reaction'
Tony Redondo, founder at Cosmos Currency Exchange warned: “The French are experiencing a Gallic version of a Greek tragedy.
Last week French bond yields already hit Greek cost levels and their widest margin against German bunds since 2012.
05 December 2024
Fresh blow to Rachel Reeves as UK growth expectations take 'decisive turn for the worse'
Tony Redondo, founder of Cosmos Currency Exchange, told Express.co.uk, “Confidence has been sapped in countless sectors of the economy, and this is shown in the CBI’s latest report. Nothing could have prepared us for the brutal anti-business Budget announced on 30 October by Rachel Reeves.
25 November 2024
The Weekly Roundup: November 25 - 29
06 November 2024
Bank of England “navigating treacherous waters” over rate decision
And Tony Redondo, founder of Cosmos Currency Exchange, concludes: “Though a rate cut could stimulate growth in a challenging environment, and some analysts are predicting that the Monetary Policy Committee will lower the base rate by a quarter-point to 4.75%, there are concerns that the new government’s first Budget may push up inflation.”
04 November 2024
Bank of England “must cut now” as markets await post-Budget interest rate decision
Though a rate cut could stimulate growth in a challenging environment, and some analysts are predicting that the Monetary Policy Committee will lower the base rate by a quarter-point to 4.75%, there are concerns that the new government’s first Budget may push up inflation. Recent data showed a drop in the headline inflation rate to 1.7%, the lowest since April 2021, and easing wage growth.
31 October 2024
Gilt yields rise as Chancellor’s “fiscal sleight of hand starts to receive an economic reality check”
Yesterday’s Budget signals continued public sector expansion without reform, supported by £170bn in new borrowing and £40bn in increased taxes on productive sectors. This comes just 2 months after Keir Starmer emphasised growth and wealth creation.
24 October 2024
UK PMI: Private sector growth pummelled by constant doom and gloom emerging from Government
The drop in UK private sector growth to an 11-month low is significant. This PMI report reflects deep and growing concerns among businesses ahead of the Budget. Geopolitical tensions in the Ukraine and Middle East, coupled with the upcoming US elections on 5 November further compound this uncertainty.
25 September 2024
Time to book that trip to Disney World? British Pound hits $1.34 for first time in nearly 30 months
Also commenting on the exchange rate was Tony Redondo, founder of Cosmos Currency Exchange, who said: ‘The British Pound is enjoying its ‘moment in the sun’. It’s trading at its highest level against the US dollar since March 2022.