What a week......

20 Sep 2022

Published in: Member News

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Looking forward

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After a very momentous period in British history, we now look forward.

After all the Pomp of the British Forces on show to the world yesterday, we all have a right to feel immensely proud of our troops and how they all put on such an amazing display, and as for the lads carrying the coffin, they should be knighted after their efforts!

No doubt we will now see the media turning their focus on the new PM this week, so full steam ahead for ‘business as usual’ for our mudslinging tabloids!

We continue to see Global Markets in turmoil, the Dollar continuing to be the major safe-haven currency, with the Japanese Yen off the table.

We have seen markets open us with GBP/EUR and GBP/USD almost level pegging at the 1.14 mark on both pairs. A 12-month low for GBP/EUR, and GBP/USD at pre-1985 levels.

With the expectation of interest rate rises for both the Bank of England and the US Federal, we expect to see Sterling come under more pressure.

If there is anything you would like to discuss, or chat through how we might be able to help, please do not hesitate to get in touch.

blackcountrychamber@halofinancial.com