Author: George Prior

Coronavirus – not Brexit, nor the 2008 financial crash – is likely to deliver the biggest hammer blow to the British pound, warns the CEO of one of the world’s largest independent financial advisory and services organizations. The stark warning from deVere Group’s chief executive and founder, Nigel Green, came as sterling fell to its lowest level on record against the currencies of Britain’s major trading partners on Tuesday. The exchange rate, measured against a basket of currencies corresponding to the UK’s trade flows, fell to a low of 72.9, according to the Bank of England. It was slightly up…

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The pound will experience a short-term relief rally, but John Bercow’s refusal to allow a Meaningful Vote on the new Brexit deal will further weigh on the UK economy. This is the stark warning from Nigel Green, the CEO and founder of deVere Group, one of the world’s largest independent financial advisory organizations. His analysis comes after the Speaker of the House of Commons says there will be no Meaningful Vote on Monday, saying it is the “same matter” and therefore cannot be put to MPs again. Mr Green comments: “The pound experienced a small knock to the downside, but…

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The UK economy has been delivered another fresh blow following the drama that has taken place in the British parliament on Saturday. This is the stark message from the CEO of one of the world’s largest independent financial advisory organizations. The comments from Nigel Green, chief executive of deVere Group, come as Prime Minister Boris Johnson faced a new setback after MPs backed a move – in the form of the Letwin Amendment – to delay a Brexit deal until further legislation is passed.  Dubbed Super Saturday, it was Parliament’s first weekend session in 37 years. Mr Green notes: “One…

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Investors need to mitigate the risks of China’s looming current account deficit, coming at a time of ballooning U.S. budget deficits. This is the warning from a Senior International Investment Strategist at one of the world’s largest independent financial advisory organisations. The stark observation from deVere Group’s Tom Elliott comes as the escalating trade war between the U.S. and China – the world’s two largest economies  -threatens to curb Chinese exports, accelerating the Asian powerhouse’s lurch towards a current account deficit. He explains: “China has spent the last two decades turning its trade surplus into purchases of overseas assets, from…

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