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Tony Redondo, founder at Newquay-based Cosmos Currency Exchange, said the changes “make sense in theory” but add another regulatory burden to struggling companies.
Small firms must report accounts to Companies House from 2028 - FTAdviser
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Tony Redondo, founder of Cosmos Currency Exchange, said: ‘This neatly encapsulates the economic illiteracy of this government. They are not in the least concerned with wealth creation.’
thisismoney.co.uk/money/mark…
The Pound has risen to a seven-week high against the Canadian Dollar. The most immediate threat to the Pound is political. The Makerfield by-election will take place on 18 June. Markets traditionally dislike political uncertainty above all else.
“This neatly encapsulates the economic illiteracy of this government. They are not in the least concerned with wealth creation. The Tories deserved a good kicking at the last election, but the country does not deserve this shambolic excuse for a government.
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The Pound has slipped 0.5% against the Euro since Monday, weighed down by retreating UK bond yields, and is down 0.9% against the US Dollar over the past 30 days.
For clients selling foreign currency back into Sterling, that volatility may well create better buying opportunities.
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"The ongoing Labour psychodrama at Westminster will continue to weigh on the Pound.”
Pound plummets against Dollar and Euro and it 'is likely to drop further' - Birmingham Live
The Pound has slumped to a three-week low against the Euro and a five-week low against the US Dollar this morning, dropping over two cents against the Dollar in the last 24 hours.
Keir today, gone tomorrow. Starmer is done for. The only question now is how the transition unfolds and who succeeds him. History shows that when markets press the panic button, the pound's value is decimated rapidly — as seen in 1992, 2008, and 2022.
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Tony Redondo, founder at Newquay-based Cosmos Currency Exchange explained: “Petrol prices dipping while oil stays above $100 may seem contradictory, but it’s a classic case of market lag.
Major UK petrol prices update as '£2 per litre not off the table' despite dip - The Mirror
UK gilt yields hit multi-decade highs as bond markets flash red. 30-year at 5.76%, last seen in 1998. A slow-motion sovereign debt crisis may already be underway.
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