The Friday Update

Events in the UK are moving quicker than anybody can possibly keep up with. No sooner have words been written and published than they become almost instantly out-of-date. The term ‘unprecedented’ gets used a lot at the moment but the events of this week truly are remarkable- you’d have to go back to the 19th […]

Another week is soon to come to an end, yet a new round of high drama in the UK has just begun.  At the time of writing, the Prime Minister has just sacked the Chancellor and seems to be in the process of fundamentally u-turning on the entire economic agenda that set the market plunging […]

Once again it’s been a bumpy week for the UK economy. Whilst an imminent economic crisis has been averted following a raft of government u-turns on economic policy, UK PLC still faces a perilous road ahead. The week was dominated by news coming out of the Conservative Party Conference which took place between Sunday and […]

Once again the UK is facing market turmoil following the raft of government tax cuts announced last Friday during the Chancellor’s ‘Mini-budget.’   As the currency markets opened on Monday morning we saw Sterling drop to all-time lows, at one point being worth just $1.03. We also saw GBP/EUR rates hitting 2-year lows at the worst […]

This week has been a heavy one. We started on Monday with the funeral of our late Queen and ended with a ‘mini-budget’ from the UK Government, with multiple worldwide interest rate raises sandwiched in between. The biggest news came yesterday when the Bank of England raised interest rates from 1.75% to 2.25%- a 0.5% […]

As September began yesterday, we saw the official conclusion that August had been the worst month for Sterling since the aftermath of the Brexit referendum. August started with Sterling sitting at £1.21 to the US Dollar but over the course of month saw a slow and steady decline, ending down at £1.16. Not a good […]