Resources
Media Portfolio
Media Portfolio - Sharing Currency Insights
Interested in learning more?
Sign up to our newsletter!
24th April 2025
IPBN member Tony Redondo asked, “Is the chaos over? Is the market chaos of the last few weeks abating or was it only the opening shot of something much bigger. Are we just in a trade war or in a fight for the 21st century.”
19th April 2025
Tony Redondo of Cosmos Currency Exchange warned: “This rally still has legs. Investors are spooked, and gold’s their bunker.”
16th April 2025
Tony Redondo, founder of Cosmos Currency Exchange, said: “Historically, investing rules hinge on diversification, long-term focus, and fundamentals. Principles that have weathered recessions and geopolitical shocks down the ages. Trump’s unpredictability hasn’t rewritten these investing rules but amplified their urgency.”
He suggests having cash buffers that allow you to buy on dips, and a long-term focus, adding: “Protect portfolios by diversifying across assets and regions, focusing on quality stocks, and using dollar-cost averaging. Consider hedging with gold and bonds—gold’s up 15 per cent this year but is predicted to rise further. In this era of Trump-driven volatility, the best investors aren’t just reactive—they’re prepared.”
11th April 2025
Tony Redondo, founder at Cosmos Currency Exchange called the high gold prices a “screaming signal of market fear”.
He said: “With the dollar tanking, gold is cheaper to buy for non-USD holders, adding fuel to this safe-haven rally.
10th April 2025
Tony Redondo, Founder of Cosmos Currency Exchange, pointed out that while the bond markets had not directly forced the billionaire’s hand, they had amplified the chaos caused by his tariffs. He noted that the US Treasury yields had dipped significantly, reflecting a broader flight to safety by investors.
Mr Redondo said: “Trump’s no bond nerd, but the author of the book ‘The Art of the Deal.’ Trump reads panic—stocks surging 7% post-pause shows he dodged a deeper meltdown.” He argued that while Mr Trump had not completely backed down, he had stepped back strategically to maintain leverage in his negotiations.
In his public statements on Tuesday, Mr Trump continued to frame the tariff pause as part of his broader economic strategy. He maintained that the 90-day delay would allow the US to assess the impact of the tariffs on global trade and give countries time to negotiate.
Mr Redondo suggested that his decision to pause the tariff increases was a prudent move that would ultimately strengthen America’s position in future negotiations.
9th April 2025
Tony Redondo, Founder at Cosmos Currency Exchange added, “The Pound is a volatile cocktail. It’s down to €1.15, a 15-month low against the Euro and treading water against the US Dollar and at decade-plus highs against the likes of the Aussie and Kiwi Dollars and SA Rand. Wild swings in markets continue as traders grapple with pricing the impact of the trade war.
“As investors move funds away from the Dollar, it is increasing liquidity in the Euro that is continuing to shield it from the heightened volatility seen in the markets.
“The Pound’s fate hinges on the trade war’s next act. Short-term, it’s a tug-of-war: the UK’s “light” 10% tariff sparked some relief buying, briefly hitting a 6-month high last week before the US Dollar flexed, buoyed by Trump’s growth bets and Fed caution. If Trump escalates—or the EU and China hit back harder—the Pound could slide to $1.21, especially if UK growth falters more.
“Yet, a de-escalation (say, Trump’s team eyeing “critical imports only” tariffs) could lift it to $1.3250. Volatility is the only sure bet.”
9th April 2025
Tony Redondo, Founder at Cosmos Currency Exchange said, “In today’s market, finding a safe haven is like trying to light a candle in a hurricane. Trump’s tariffs have sparked a global sell-off, with the FTSE 100 down 10%+ in days, the S&P 500 losing $5 trillion and recession odds spiking. Conventional investor wisdom—stocks for growth, bonds for safety—is wobbling as volatility soars.
“Gold remains a relatively safe haven as it typically thrives amongst chaos. Defensive stocks like consumer staples offer some shelter, too, though tariff fallout could still sting. Small-cap UK firms less exposed to international trade is another option as we’re in seriously uncharted waters. Tariffs will shrink corporate margins and rate cuts might not save growth in the short term.
7th April 2025
Tony Redondo, the founder of Cosmos Currency Exchange, warned: “Trump’s tariffs could double the cost of iPhones in the US if Apple passes on the full whack of the 54% China tariff. That’s a $799 iPhone 16 rocketing up to $1,598 or a $1,599 Pro Max hitting $3,200. In the UK, Apple might dodge a direct hit as tariffs don’t apply to imports here but don’t expect prices to stay put given input cost rises.
“Apple could spread the pain globally, nudging UK prices up by, say, 20% (think £799 to £959) to offset US losses without tanking demand. People might rush to buy now, especially in the US, to beat the hike. But Apple’s cagey; they might eat some costs or snag exemptions. Either way, wallets will wince.”
3rd April 2025
“Trump’s tariffs including 25% on Canada/Mexico, 20% on the EU, 10%+ on China and 10% on the UK could hit US firms hard. Semiconductor giants like Nvidia face cost hikes from imported chips; Intel may gain but isn’t immune. China’s retaliation on rare materials could worsen shortages. Automakers like GM and Ford might see car cost jumps, risking sales if prices rise or exports drop due to retaliation. PC makers (Dell, HP) could face 10-25% cost increases, adding $200-$500/unit, pushing prices up or margins down. AI server firms (Nvidia, Amazon) may see delays and millions in extra costs from pricier chips and steel. Retailers like Walmart and construction could also suffer. Short-term: higher costs, chaos. Long-term: maybe more US manufacturing, but labor and infrastructure lag. Firms with domestic roots (Tesla, Intel) fare better; most feel the squeeze. Consumers face pricier goods by late 2025 unless companies absorb costs—which is rare.”
2nd April 2025
Tony Redondo, Founder at Cosmos Currency Exchange added, “This is a stock picker’s market, not an index fund snooze. Dividend payers and the FTSE 250 make sense for safety, but the real edge comes from agility—hedging with gold, grabbing value in dips, and betting on policy-driven sectors.
“Trump’s Rose Garden speech today is stirring the pot, and the uncertainty kicking up globally is palpable. With tariffs, trade shocks and policy flip-flops dominating headlines, markets are jittery. Volatility’s not just a buzzword here—it’s the game. It’s absolutely an opportunity—if you’ve got the stomach and the strategy.
“Right now, with Trump’s “will he, won’t he” tariff dance—20% on China’s locked in, Canada and Mexico are on-again-off-again—markets overreact both ways. That’s the window. Short-term traders could scalp those swings, while long-term players might scoop up oversold quality stocks when panic dips hit. Superior returns are possible, but it’s less about picking winners and more about dodging losers while riding the waves.”
31st March 2025
“The UK’s flagship FTSE 100 index is particularly vulnerable this week. It’s already shed 4.2% since mid-March and could fall another 10% if tariffs hit, though UK insulation might limit losses if Trump spares Britain,” says Tony Redondo, founder at Cosmos Currency Exchange.”
26th March 2025
Tony Redondo, Founder at Cosmos Currency Exchange commented: “This feels like Reeves trying to play chess while everyone wants a rugby match.”
“There were strategic moves such as defence and fiscal discipline that might pay off later, but the crowd’s restless now. The Office for Budget Responsibility halving the 2025 UK growth forecast from 2% to 1% is a gut punch to Labour’s flagship growth mission.”
“Welfare hits will bite and the optics of “tough choices” might not land well when growth is stalling. A £2.2 billion defence uplift for 2025-26, pushing spending to 2.36% of GDP, is the headline grabber but it’s still shy of what Trump is demanding, and critics will call it a shiny distraction from domestic woes.”
“The Pound’s sulking. Reeves is blaming everyone else and banking on our patience but with stagflation whispers (inflation up to 3.7% later this year per BoE forecasts), it’s yet another gamble. For me, too little, too late. If she was a Tory Chancellor, she would be gone by now.”
20th March 2025
Tony Redondo of Cosmos Currency Exchange disagrees, predicting: “The MPC loves a slow dance, so they won’t cut today. The data’s not screaming for it. Should they? If they prioritised growth over inflation, maybe – but inflation hawks are in control.”
19 March 2025
Cosmos Currency Exchange founder, Tony Redondo, pointed out this is “no small problem” as 2.4mn over-65s use cash, according to Age UK, and 1.5mn UK adults used cash daily in 2023 – a four-year high according to the Financial Conduct Authority.
“Legally, shops can refuse to take cash even though it’s legal tender,” he said.
16 March 2025
When economists and business owners bump into each other down the pub, they will have plenty to talk about. Tony Redondo, for example, Founder of Cosmos Currency Exchange, says, “At best, Friday’s MOT on the UK economy will show lots of advisory notes; at worst, the car will be ready for salvage by the end of the second quarter once the tax rises hit home. The UK economy’s limping along, with a knackered gearbox that is stuck between neutral and first gear.”
14 March 2025
“Though it feels like a psychological threshold, gold at $3,000 might just be a stepping stone if trade wars deepen,” said Tony Redondo, founder of Cosmos Currency Exchange. “That said, it’s not all about Trump. Central banks, interest rate bets, geopolitical tensions, and inflation concerns are all stoking the flames.”
13 March 2025
‘For me, the dud desk is the one parked next to the loo,’ adds Tony Redondo, of currency exchange firm Cosmos. ‘Every flush is a grim reminder of your place in the pecking order.’
13 March 2025
Tony Redondo, Founder at Cosmos Currency Exchange, likened the UK economy to a failing vehicle. “At best, Friday’s MOT on the UK economy will show lots of advisory notes; at worst, the car will be ready for salvage by the end of the second quarter once the tax rises hit home. The UK economy’s limping along, with a knackered gearbox that is stuck between neutral and first gear.”
6 March 2025
Tony Redondo, Founder at Cosmos Currency Exchange commented: “803 hours and counting. That is how many hours of UK bank app disruptions clients have suffered since January 2023. Today was the turn of Santander’s bank app outage completely blocked mobile banking access for clients. It’s a minimum of 158 IT failure incidents at banks affecting millions of customers in this period. Reports cite login and payment issues, with Santander confirming mobile, phone, and card service failures.”
4 March 2025
Tony Redondo, founder at Cosmos Currency Exchange said: “The 2021 shift to Abrdn, ditching vowels in a quirky nod to modernity, drew mockery for being unreadable and pretentious, alienating clients and investors alike. Today’s announcement is a pragmatic retreat from a branding experiment gone awry. With £508 bn of client funds under management, clarity trumped quirkiness. Aberdeen has been through a rough patch with its share price down 30% in five years and £1.7 bn in 2024 of outflows, so the return to its Scottish roots may steady its image and trust. Markets might shrug, but it could curb client loss. For the company and its shareholders’ sake, let’s hope it’s smart damage control and not too late.”
28 February 2025
Tony Redondo, founder at Cosmos Currency Exchange, added that with multiple banks hit at once, it “suggests a shared system issue”.
28 February 2025
“This isn’t isolated; recent glitches such as Barclays hint at UK banking fragility,” says Tony Redondo, founder at Cosmos Currency Exchange.
“It’s a strained system—banks must rethink capacity, not just react. Until then, we’re all just crossing our fingers that the app loads next time pay day rolls around.”
13 February 2025
Tony Redondo, founder of Cosmos Currency Exchange said: “Watt has been outspoken on government inefficiency, so there may be some sincerity behind his message.
However, without real influence or policy leverage, it’s unclear how much impact this “shadow” entity can have beyond media attention and debate.
Even if it’s primarily a PR stunt, if it sparks a broader discussion on government efficiency, productivity and wasteful spending, it will be really worthwhile given the level of taxation and government waste in the UK.”
07 February 2025
Savers warned ‘window may be closing’ after BoE decision – What to do next
Tony Redondo, Founder at Cosmos Currency Exchange, acknowledged that the cut, alongside upcoming tax changes and rising costs in April, could “pose challenges for savers”.
06 February 2025
Tony Redondo, Founder at Cosmos Currency Exchange commented: “The Bank of England cut rates by 0.25% to 4.5% at lunchtime today with 7 of the 9 MPC members voting in favour of the move.
Two members voting for a 0.5% cut shows the level of concern about the state of the UK economy. Borrowers should benefit from lower mortgage and business loan costs, while savers face weaker returns. The pound may weaken across the board, helping exports but increasing import costs and possibly fuelling inflation further.
The FTSE100 was already at an all-time record high before the announcement and could see the rally continue as equities become more attractive, while bond yields may fall. The property market may see higher demand due to cheaper mortgages, especially before April’s rise in stamp duty rates. I doubt it is enough to rescue the UK economy from its recession watch but businesses may invest more, even with rising inflation risks. The cut eases financial conditions but poses challenges for savers and inflation control.”
05 February 2025
Tony Redondo, founder of Cosmos Currency Exchange, said investors were seeking safety amid “market uncertainty, geopolitical risks and Trump’s policies”.
“Future Fed cuts, increasing trade tensions and political instability could push gold past $3,000. While a pullback is always a possibility, as a stronger US dollar may limit gains while profit taking could trigger corrects, the current volatility would suggest otherwise.”
31 January 2025
We published a new Podcast with IPBN member Tony Redondo ACIB of Cosmos Currency Exchange Ltd on how to solve currency exchange headaches and tackle international payment pain points! Very interesting conversation with Ellis, IPBN Content Manager, for everyone who are dealing in multiple currencies.
20 January 2025
Tony Redondo, Founder of Cosmos Currency Exchange:
“The ‘golden quarter’ of retail – October through December – was marred by a 0.3% monthly drop in December, alongside falling inflation to 2.5%.
Analysts are divided on next steps, but a rate cut of at least 0.25% seems inevitable.
The broader challenge will be balancing growth stimulation with underlying inflationary risks.”
14 January 2025
It will be great news for the likes of Portugal, Italy and Greece, says Tony Redondo of Cosmos Currency Exchange.
“This change, along with the scrapping of the Golden Visa in April, will make Spain far less attractive for non-EU buyers seeking residency through property investment,” he says.
“Prospective expats must factor in increased costs and navigate more complex residency processes, as alternative visa options like the non-lucrative visa require proof of sufficient income. High-value property demand should drop.”
13 January 2025
Tony Redondo, founder at Cosmos Currency Exchange, said this could go all the way down to $1.15.
“The pound has already fallen by over 2.5% against the Euro and by nearly 5% against the Dollar since Christmas,” he said in comments provided to Money by Newspage.
“Further falls are expected across the board. They are expected to be more muted against the Euro given the stagflation fears that hover over the Eurozone economy and the political paralysis in its two leading economies, Germany and France.
Against the Dollar, the Pound could continue to freefall.
Last Friday’s stellar employment data only adds to the idea gripping the markets that the Federal Reserve will move slowly in cutting interest rates in the US in 2025 in an economy that continues to outperform.”
13 January 2025
DEBT CHAOS
What market turmoil means for your money including pensions, mortgages and savings.
Tony Redondo, founder at Cosmos Currency Exchange said:
“The Pound has already fallen by over 2.5% against the Euro and by nearly 5% against the Dollar since Christmas.
Further falls are expected across the board.
Add in the fact that Trump’s inauguration is now just over one week away and the negative economic effect his tariff plans could have on both the UK and Eurozone economies could see the Pound trade at $1.15 or lower against the greenback.”
9 January 2025
IPBN member Tony Redondo said, “The Pound Sterling was 2024’s Second-best Performing G10 Currency. Bank of England Governor Andrew Bailey hinted at possible rate cuts in 2025, with markets pricing in three cuts. Lower rates may not do the Pound Sterling any favours, but they could rescue the UK economy by stimulating economic activity.”
And stay tuned. We are preparing a Podcast with Tony to be shared later this month about the risks of managing your investment portfolio and financial situation in different currencies.
16 December 2024
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”.
Mr Redondo warned: “The situation may be even more dire, with the spectre of stagflation looming over the economy … Businesses should prepare for an extremely challenging economic landscape ahead.”
05 December 2024
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.
Mr Redondo likewise anticipated the value of the Euro to sink to levels not seen against the point since before the 2016 Brexit referendum.
The removal of Barnier following a no-confidence vote could see the Euro sink lower, hitting levels not seen against the Pound since before the Brexit vote of June 2016.”
02 December 2024
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.
“We’ve seen a 35% increase in business clients shelving their expansion plans, be it premises, capital equipment or staffing. Roughly 25% of them are seriously looking to relocate overseas.”
06 November 2024
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. Recent data showed a drop in the headline inflation rate to 1.7%, the lowest since April 2021, and easing wage growth.
04 November 2024
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. The Bank of England cut rates in August but held them steady in September. However, following the Budget fallout, inflationary pressures could complicate the decision. While there are arguments for a cut, the inflation risks from the Budget should lead the Bank to prioritise price stability over growth. Ultimately, they will need to balance the potential benefits of a rate cut against the risks of rising inflation expectations. All eyes will be on how they navigate these priorities.
31 October 2024
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. The Budget imposes austerity on the private sector, leading to higher inflation, increased borrowing and the highest overall tax burden since 1948. The bond markets are reacting negatively, with 10-year gilt yields rising 9 basis points to an 11-month high following the Chancellor’s speech. In currency markets, the Pound may hold its own against the Euro as the expectation is for the Bank of England to maintain higher interest rates longer than the European Central Bank but this is very dependent on what happens next in the bond markets.
24 October 2024
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. As business confidence is crucial for investment and spending, this hesitancy could see a continued impact on UK economic growth.
25 September 2024
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.
‘This is mainly being driven by interest rate differentials. Last Friday’s retail sales and Monday’s PMI (Purchasing Managers’ Index) data indicate the UK economy is too robust for the Bank of England to entertain rapid interest rate cuts …