Nigel Green deVere blog

October 21, 2022
Liz Truss’s resignation will not calm markets premium
Liz Truss stepping down from her role as PM after just 45 days will only heighten financial markets’ fears as political chaos in the UK worsens. We’ve seen over the past few weeks how unforgiving the markets are when the Pound plummeted to all-time lows against the Dollar, gilt yields rose, and stocks markets dipped due to irresponsible economic policies set out by the Truss government. Yet despite Truss’s resignation today, I don’t think this will signal an end to the Read More
August 30, 2022
U.S. China deal is a massive investor wake-up call premium
Trade relations between the United States and China have just been given a considerable boost following last week’s agreement between the two nations which allows U.S. regulators to inspect the audits of Chinese firms whose stocks are traded on U.S. exchanges. In a lengthy dispute, U.S. regulators had pledged to eliminate Chinese companies from U.S.-based stock exchanges if China doesn’t permit inspections. To my mind, this tentative agreement is certainly positive news. Read More
February 19, 2020
Bloomberg’s crypto policy places him on the right side of history premium
Michael Bloomberg’s cryptocurrency plans are putting him on the right side of history. The presidential candidate has put forward a regulatory framework for cryptocurrencies within a new financial regulation plan which states: “Cryptocurrencies have become an asset class worth hundreds of billions of dollars, yet regulatory oversight remains fragmented and undeveloped.” Up to now, Bloomberg is the only presidential hopeful to have formulated a coherent Read More
February 3, 2020
Coronavirus drives Bitcoin price higher premium
It’s likely that we’ll see the price of Bitcoin continue to increase until the coronavirus reaches a peak. The price of the world’s largest cryptocurrency by market cap gained over 10 per cent in a week and is also up 30 per cent since the end of last year. This makes 2020 the best start to year for Bitcoin in eight years. Up to now, there have been 17,335 confirmed cases of the coronavirus with a death toll of 362. The epicentre of the virus outbreak is still mainland Read More
January 30, 2020
deVere wins Finance Monthly FinTech Award 2020 premium
deVere Group has been named winner in the Finance Monthly FinTech Awards 2020! What an honour! As we are seeing, fintech is profoundly changing the way we access, manage and use money, and the changes are coming quicker than ever before due to improving technologies and growing demand. In regard to these prestigious FinTech Awards, Finance Monthly states: “Our key goal is to reward those firms and advisers who have demonstrated peerless accomplishments within their Read More
January 28, 2020
Investors should avoid any knee-jerk reaction to coronavirus premium
As it stands, coronavirus is the biggest threat to financial markets. With the death toll rising to 106, the number of confirmed cases of the Sars-like virus has reached more than 4,500. On Monday, the composite European Stoxx 600 fell 1.7% at the open, London’s FTSE 100 declined 1.6%, while Germany’s Dax fell 1.7%. Elsewhere in Asia, the Shanghai Composite fell 2.7%, the Hong Kong Hang Seng lost 1.1%, and Japan’s Nikkei dropped 2%. As I was quoted by The New York Read More
January 22, 2020
Nigel Green named in The 10 Most Successful Entrepreneurs to Follow 2020 premium
Entrepreneurs: ‘The reason behind their success is they use that fear of failure to work harder and smarter and if for some reason it doesn’t work out the first time, they make it happen in the next’ – Insights Success Magazine. Insights Success Magazine has announced ‘The 10 Most Successful Entrepreneurs to Follow 2020’ and I am immensely proud to be among them. According to the website, Insights Success is the “Best Business Magazine across Read More
January 8, 2020
CEO Today Global Awards 2020 winner premium
The New Year has got off to a winning start for deVere! I’m immensely proud to have won a CEO Today Magazine Global Award 2020! The CEO Today Global Awards are dedicated to recognising strong and innovative leadership amongst business leaders operating around the world. As such, I am truly honoured to be named a 2020 winner. According to CEO Today Magazine: “Every year, CEO Today Magazine identifies and honours the most respected companies and their C-Level executives Read More
November 12, 2019
Pound jumps as Farage-Johnson pact lowers risk of hung parliament premium
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
November 8, 2019
Trump’s re-election in 2020: good news for China’s economic agenda? premium
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
October 25, 2019
Two key reasons investors must now election-proof their finances premium
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
October 22, 2019
Bercow’s Meaningful Vote refusal won’t impact Sterling, but it does heighten uncertainty premium
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

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