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
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
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
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
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
Everyone’s curious about other people’s net worth, aren’t they? I know I am. And I know that people Google ‘deVere CEO Nigel Green net worth’ frequently. To my mind, this is a good thing as it demonstrates that people are ambitious, committed and keen to succeed.
Taking inspiration and learning from other successful people is certainly one of the key ways I try and develop both professionally and personally.
As I highlight in this video, I look to the likes of Read More
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 Read More
Bitcoin may well be on the brink of the next bull run, as the price on Wednesday surpassed the $8,000 barrier against the U.S. dollar following a period of low volatility.
Abandoning its characteristic volatility, Bitcoin has been oscillating within a $600 range for over a week. However, this all changed on Wednesday when the world’s largest cryptocurrency by market capitalisation advanced beyond the key $8,000 resistance level.
This could certainly be an indicator that Read More
This year’s CEO Monthly awards have been announced and I’m delighted to say I won the accolade: Business Elite 2019 Most Influential CEO of the Year, 2019 – International
I am incredibly honoured to receive this award from such a prestigious publication and to be recognised for my work and dedication to the financial services industry.
However, as I say regularly, I couldn’t do it alone!
This latest award is also for the amazing teams at deVere Read More
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 Read More