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GBP Yesterday, Downing Street further suggested that it will be difficult to finalise a deal with the EU before the no-deal deadline at the end of this year, despite this Sterling remains strong.  Tuesday’s data also showed the Nationwide House Price Index hit a new all-time high in August with…

Understanding foreign exchange (FX) risk is essential for business leaders to avoid unforeseen costs that could cripple a firm, but the task of developing a strategy is complex and potentially costly. According to the Association of Chartered Certified Accounts, small and medium-sized businesses (SMEs) that operate across borders are significantly…

It seems Greece got a bit bored with being out of the headlines and so yesterday PM Tsipras decided to quit and call for another round of elections on 20th September. This is yet another power play by Tsipras as he has lost support from many anti-austerity, anti-bailout rebels in…

So, here we are again on a Friday and looking at a do or die weekend for Greece. Have we now finally reached the 11th hour of the Greek saga? Will there finally be a deal reached or will this spell the end of the line for Greece and the…

So after a week long of “Will they? Won’t they?” the results from the Greek Referendum showed that the Greeks voted “NO”. The bailout package which was no longer on offer, has been retrospectively rejected by the Greek people and so it is back to the drawing board for PM…

Today seems to be the calm before the storm as the market awaits the Greek Referendum and the results it will bring. In anticipation of a busier and more volatile time on the markets, the US have taken their 4th July holiday on July 3rd and US markets are closed….

At the beginning of the week, hopes were high that we were close to an accord between Greece and its creditors. As the week draws to a close, and despite constant summits and meetings, we still do not appear to be any closer. After the previous proposals were rejected, there…

Yesterday’s newsletter was full of optimism that we may have seen a breakthrough between Greece and the Eurogroup, but it wasn’t to be. The Eurozone and IMF rejected the latest Greek proposal and are demanding several reforms which would negate Tsipras’ pre-election promises. A Grexit is still on the cards…

The markets continue to move and we are still seeing Sterling profiting from the uncertainty around other currencies. After a couple of days of US Dollar profit-taking and the Dollar being used as a safe haven, we have seen Cable (GBPUSD) start to rise a bit again. The riskier the…

So, it looks like we may be arriving at some sort of conclusion with the Greek and Eurogroup talks. Markets swung wildly on the back of rumours yesterday and at the end of the day we saw Sterling start climbing. In a major development European Council President Donald Tusk introduced…