Gilt markets will treat Andy Burnham’s return to Westminster as a “major escalation of political and fiscal risk”, warns the CEO of one of the world’s largest independent financial advisory organisations.
The pound, already suffering its worst week since November 2024, is likely to stay weak through the summer, driving up holiday costs, household bills and business pressures for millions of Britons, warns the CEO of global financial advisory giant deVere Group.
Donald Trump leaves Beijing declaring success after two days of high-level talks with Xi Jinping, but the absence of concrete detail from the summit between the leaders of the world’s two largest economies is where investors should focus their attention, according to Nigel Green, CEO of deVere Group.
The Chinese Yuan climbed to a three-year high against the Dollar on Thursday, while stock markets slipped as investors waited for the outcome of a summit between the leaders of the world’s two biggest economies.
Sterling declined on Wednesday, heading for its first weekly loss in six weeks, as investors weighed political uncertainty in the UK while Prime Minister Keir Starmer pushed back against calls for his resignation.
