Sterling is set to receive a welcome boost after the Brexit Party said it will not come up against the Conservatives in 317 seats in the December election.
Brexit party leader Nigel Farage has announced he will stand aside in all the 317 seats won by the Tories in the 2017 general election, and will only fight seats held by other parties on December 12.
This move by Farage has given Johnson a significant boost in the election as he stands down Brexit party Read More
Is the end in sight to the U.S.-China trade dispute? I ask the question tentatively, but China did spark hopes that a deal may be reached after agreeing with Washington to cut back on certain tariffs.
There has been an ongoing argument relating to the trade war, with some saying China was hanging on, focusing on the long game and waiting for Donald Trump to leave office before dealing with another administration.
However, whilst this view may have held up Read More
A UK general election looks on the cards, in essence a second Brexit referendum, so it’s imperative that investors in the UK and internationally take action now to ‘election-proof’ their finances.
Following the Prime Minister pausing his Brexit bill on Tuesday, after MPs rebuffed his timetable to pass through the House of Commons in three days, the EU’s decision on whether to grant a further Brexit extension is due on Friday.
If this is the case, the Read More
Although Sterling remained largely unmoved, John Bercow’s refusal on Monday to allow a Meaningful Vote on the new Brexit deal will place further downward pressure on the UK economy.
Sterling experienced a minor downside knock following the decision by the Speaker of the House of Commons, but there was no big surprise.
This highlights that traders are patiently biding their time as they forecast the European Union will allow a Brexit extension in the coming Read More
The awards are showing no signs of slowing down this year!
deVere has won TWO ACQ5 Global Awards:
International – Independent Financial Consultancy of the Year, deVere GroupUAE - Gamechanger of the Year (Financial Consultancy), Nigel Green, deVere Group
According to the organisation: “ACQ Annual Award Programs recognise organisations and individuals that have achieved outstanding commercial success in designated areas of expertise.
“Since 2006, the ACQ has been Read More
deVere Acuma has been named Financial Advisory of the Year UAE 2019 in the International Investor Business Awards 2019.
What an honour it is and is testament to the handwork and commitment of our teams across the UAE.
International Investor Magazine is an online publication that provides insights, news and visual informative pieces with subjects ranging from world markets, investing opportunities and industry analysis amongst many other topics. All content is dedicated to the Read More
Bitcoin will likely receive a price boost by the U.S. Federal Reserve today.
During the U.S. central bank’s meeting on Wednesday it is highly likely it will slash interest rates by perhaps a quarter of a percentage point.
This follows the July rate cut, the first one in a decade, due to the trade war tensions with China.
As such, and as I talk about in this video, Bitcoin – the world’s largest cryptocurrency by market capitalisation - will likely break out of its Read More
Boris Johnson’s ego needs to take a back seat if there’s any hope of breaking the Brexit impasse.
The Prime Minister is in Dublin today for a meeting with Irish leader Leo Varadkar to try to find common ground between the British and Irish governments on the issue of the Irish backstop, the main stumbling block in the Brexit withdrawal agreement.
MPs are due to vote today on an early election, but it’s highly unlikely that it will pass.
Therefore, Read More
What a day it’s been in British politics. The Queen has accepted the Prime Minister’s request to suspend parliament from mid-September, therefore reducing the time available to MPs to stop a no-deal Brexit.
The Brexit-battered pound has since taken another beating thanks to Boris Johnson’s highly polemic parliament suspension.
Sterling has fallen more than 0.5% against both the euro and U.S. dollar following the decision, and the pressure will remain Read More
Boris Johnson is now back in the UK following his trips this week to Berlin and Paris, and it would appear that the PM’s Brexit strategy is working.
However, this is mainly due to the threat of a recession in Germany and the need for a good and fair deal for both sides.
Following his meeting with German Chancellor Angela Merkel in Berlin, it looks as though Boris Johnson has brought her closer to his viewpoint on Brexit.
Merkel challenged Johnson to Read More
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 Read More
It was announced on Tuesday that Boris Johnson is the new resident of Number 10, taking over from Theresa May.
I believe Boris Johnson will be an impotent Prime Minister.
Mrs May was faced with a tough arithmetic in parliament, but her successor will have an even harder time.
Indeed, following numerous defections from serving MPs, and the likely loss of two seats in by-elections, the Tory party’s small majority may well collapse.
This, coupled with the fact that within Read More