The Finseta Blog

It’s been a mixed week for the markets.  This morning saw the announcement of new GDP figures which showed the UK economy had contracted by 0.2% in the last quarter, pushing the UK ever closer to officially being in recession. It’s worth noting that the Bank of England already believes that we are now currently […]

For decades the Japanese Yen has been seen as a ‘safe-haven’ currency. Japan and its economy are world-leading, regularly appearing in the top three on lists of economic strength indicators (after China and the US.) However, for the last few years, even before Covid, the Japanese economy and its currency have stagnated. This year, the […]

The news this week has been dominated by interest rate hikes across the West. On Tuesday, the Royal Bank of Australia announced a 0.25% increase taking their rate to 2.8%. This was followed on Wednesday by the US Fed who raised their rates by 0.75% to 4%. Finally, yesterday the Bank of England followed the […]

Given the ongoing economic crises in various countries around the world, attention at the moment is rightly more focused on interest rate decisions than in normal times.  The process for raising or lowering interest rates varies from country to country. For some, it’s a pretty simple decision made by the Finance Minister, for others, it […]

It’s been a whirlwind few days again in the UK as we were introduced to our third Prime Minister this year!  On Tuesday, Rishi Sunak walked through the famous door of Number 10 and set to work appointing a new government of equal parts continuity and change. In his first speech as PM, he recognised […]

On Saturday 22nd October following another set of early elections in Italy, a government consisting of four right-wing political parties was sworn into office. The leader is Giorgia Meloni, leader of the far-right Fratelli d’Italia, a party that emerged from the neo-fascist movements of the 70s and 80s. Meloni is Italy’s first female Prime Minister […]