Currency
July 30, 2019
Whether its Boris Johnson or Jeremy Corbyn in the driver’s seat, the pound will continue to receive a battering in the short to medium-term.
Sterling plummeted 4 per cent on Tuesday within its worst month since October 2016, as the likelihood of Britain leaving the EU without a deal on 31 October increases.
Indeed, as I was quoted as saying in The Sun, The Mirror and International Investment, amongst other media, the British pound is now the second-worst
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June 20, 2019
Sterling and UK assets could decline further on Tory leadership contenders’ lack of Brexit plan
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As the Tory leadership race is about to come down to the final two contenders, the pound and UK assets can be expected to fall further.
With Rory Stewart knocked out of the contest in the third round yesterday, the final four - Boris Johnson, Jeremy Hunt, Michael Gove and Sajid Javid – will be whittled down to three in a secret ballot later today.
There will then be an additional vote to select the final two, one of whom will be chosen as leader, and of
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June 7, 2019
Should Boris Johnson be the next UK Prime Minister, we can expect the pound to be driven down even further.
Johnson is the favourite to win the Tory leadership contest, securing the support of over 40 Conservative MPs, placing him streets ahead of his rivals.
As such, should he get to Number 10, the pound will be delivered another bloody nose.
Additional downward pressure will impact sterling in this case due to the increased probability of Boris Johnson taking Britain into
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November 17, 2015
It is looking more and more likely that the U.S. Federal Reserve will raise interest rates in December for the first time in nine years.
As I’ve mentioned in previous blogs, the probability of a rate rise in 2015 has been at the heart of rumour and speculation over the last 12 months. However, with stronger than anticipated employment data in the U.S. last month – a quarter of a million jobs were added in October– expectation of a hike in December is rife.
It is looking
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January 21, 2014
Dollar To Appreciate
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A third great dollar bull run is on the way I believe despite it's releatively small rally so far.
Since the end of the Bretton Woods system of fixed exchange rates in 1971, the US dollar has had two big bull runs and three bear markets. A third great dollar bull run is on the way I believe despite it's releatively small rally so far.
Since the end of the Bretton Woods system of fixed exchange rates in 1971, the US dollar has had two big bull runs and three bear markets.
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February 17, 2013
Currency wars or not?
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Should investors and expats be concerned by currency wars or not. I think they should. Should investors and expats be concerned by currency wars or not. I think they should.
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January 31, 2013
The first month of 2013 has been characterised by its ongoing, and increasing, currency volatility - and this turmoil is likely to ramp up throughout the year and develop into a currency war as more and more countries are likely to adopt a ‘beggar thy neighbour’ policy and move, openly or not, to devalue their currencies in a bid to strengthen their own exports. The first month of 2013 has been characterised by its ongoing, and increasing, currency volatility -
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January 9, 2013
Pound to fall, Dollar to rise
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No one has a crystal ball of course but I believe the pound will fall this month and the dollar will rise. No one has a crystal ball of course but I believe the pound will fall this month and the dollar will rise.
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