Why did the Pound drop again and where will it go next?

If you’ve been watching the news over the last couple of days you will have heard that the UK Pound (GBP) has hit historic lows against the US Dollar (USD) for a second time since the EU referendum.

In this article I take a look at what’s caused this, what this means, where the currency is likely heading next and what it means for you.

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UK Votes to leave UN: Why you should check your sources

There’s still a huge number of posts on social media providing spurious ‘facts’ with sources ranging from ‘Dave down the pub said’, to blindly copied Meme’s and my personal favourite Fox News reporting that the UK had just left the United Nations rather than the EU.

In those post I’m going to look at some examples of misinformation, why it matters and how you can check your sources so you don’t fall for it in the future.

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Why are companies announcing they’ll move jobs to the EU?

If you watched the news at all over the last few weeks you’ll have heard a succession of companies announce they will be moving jobs from the UK to the European Union unless they have full access to the single market and in some cases even if they do.

Many people have criticised companies for making these announcements, claiming it undermines consumer confidence others don’t understand why when we have “two years before we leave the EU” they’re making these announcements now.

In this post I take a look at which companies are making announcements, why and what it means for all of us.

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Mark Carney Speech: Why did the Pound Fall, The FTSE rise and why it matters?

Today Mark Carney, the Governor of the Bank of England (BoE), gave a speech outlining the three types of uncertainty that influence economic performance (geopolitical, economic and policy uncertainty) and the steps the Bank has taken to address this uncertainty, and how the BoE can be expected to act in the weeks and months ahead.

Following this speech the Pound (GBP) dropped by 1%, FTSE 100 rose by 2.7% and the FTSE 250 rose by 1.68%.

In this post I explain why this has happened, why it was important that Mark Carney  made this speech and what the effect will be in the longer term. Continue reading

Boris Wins: Why Boris dropping out is his best path to be PM

If you’ve been watching the news in the UK today you can’t have missed that Boris Johnson, a leading figure in the leave campaign and thought to be a certainty to take over from David Cameron to become the next Prime Minister, has not put himself forward for the job.

This stunned Conservative MP’s who we lining up to speak to the press to endorse him and led to some crowing in political circles that this was the end of his career.

In this post I look at why I believe this is actually a master political move on his part and, far from ending his career, may have just guaranteed that he will be the next elected Conservative Prime Minister of the UK after David Cameron’s immediate successor no matter what happens with the ‘Brexit’.

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UK Credit Rating: Why it’s been cut and why it matters to you

It’s been a torrid few days since the UK voted to leave the European Union and today has not been any better with the news that the FTSE 350 (FTSE 100 and FTSE 250 combined) has lost £140 billion in value and Standard and Poor’s Global Ratings (S&P) has cut the UK’s pristine AAA credit rating not by one level, but two and changed their outlook to negative, which signals a potential for additional downgrades down the road.

Fitch have also now downgraded the UK’s rating from AA+ to AA and also changed their outlook from stable to negative. This combined with the news that the FTSE 350 (FTSE 100 and FTSE 250 combined) has lost £140 billion.

In this post I’m going to take a look at who the rating agencies are, what they do, why they matter, what the downgrade and outlook mean, their effect and why you should care.

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How does Brexit impact on NATO and the UK’s membership of it?

I’ve asked for questions that people have about the impact of the UK’s vote to leave the European Union on Thursday and one that’s come up a few times, after being originally asked by Lewis Christie, is what the impact is on UK’s membership of NATO.

So in this post I’m going to take a look at what NATO is, who are it’s members, what it does and how the Leave vote impacts on our influence and membership.

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The Dark Side of the “Brexit” vote and how we can stamp it out together

Since the “Brexit” vote to leave the EU there seems to be an ever growing number of posts from supporters of both camps either leveling accusations of the “other side” being racist, thoughtless sharing of xenophobic Meme’s and tweets and posts starting with the words “I’m not rascist but…” and even more worryingly there have been significant jumps in hate crimes over the last few days. This has had a huge impact on the international view of the UK which is being damaged significantly by the perception that the majority of citizens hold the same view, which isn’t even close to being true among either the Leave or Remain voters.

In this post I’m going to take a look at the causes of this, how we can work together to stamp it out with facts rather than rhetoric and work together to help unite our United Kingdom.

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Why did the UK Stock Exchange drop and why should you care?

You’d have to be living under a rock not to know that the UK stock exchange and markets around the world took a serious tumble on Friday following the news that the UK had voted for Leave.

Dependent on who you listen to this was either the beginning of a global catastrophe, a blip in the road or in a few cases, a red herring with no real impact at all so I thought I’d take a look under the headline figures and claims to explain what’s really happened so far, why, why it matters and what’s likely to happen next.

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