What exactly is the ‘Davos Summit’
With private aeroplanes currently lining the jetways of St.Moritz Airport and a large chunk of the world’s economic, political and business elite donning snow shoes, we thought it would be a good opportunity to take a deep dive into what exactly ‘Davos’ or more precisely ‘The World Economic Forum’ actually is. Some background… The World […]
Currency in the world’s smallest countries
In this week’s article, we’re looking at how currency is used in the world’s smallest countries. Take a read below: (We’ve based our list on the ten smallest countries by population size and also only looking at countries that are fully recognised independent sovereign states.) ?? Vatican City | Population: 800 (Euro) The Vatican City […]
Trading Update: Ahead of Expectations
Cornerstone FS Plc (AIM: CSFS), the cloud-based provider of international payment, currency risk management and electronic account services to SMEs, is pleased to provide the following unaudited update on trading for the year ended 31 December 2022. As noted in the trading update announcement on 17 November 2022, the Group had experienced strong trading momentum through the […]
What are the key events in the economic calendar that move markets and why?
Each week we publish our Economic Diary which lists the key events each working week in the financial and economic world. In the below article we’ve explained why the listed events are so important. Interest rate decisions… The decision to raise or lower interest rates is one of the most significant economic choices that can […]
Sale of Aviva House
Value realisation of non-core small e-money institution to generate c. £600k Cornerstone FS Plc (AIM: CSFS), the cloud-based provider of international payment, currency risk management and electronic account services to SMEs, is pleased to announce that it has entered into a share purchase agreement (“SPA”) for the sale of its non-core subsidiary, Avila House Ltd. (“Avila”), […]
2023’s big events…
With all the drama of the last couple of years, we’re all hoping that 2023 will be calmer, quieter and less eventful. Being so close to the start of the year, we can’t predict what will happen or when certain events will be. There are some definite ones though that we’ve listed below. In January… […]
Which are the world’s least valuable currencies?
Last week we looked at the world’s ten strongest countries and the reasons behind their high value. Following on, below we are looking at the reverse, which are the world’s least valuable currencies and why. ?? Colombian Peso (COP) £1 = 5,857 Throughout the last 50 years, the Colombian Peso has been subject to rampant […]
All eyes on next week’s big economic announcements
The currency markets have lacked direction this week with the major currency pairs stuck in a range. As we mentioned last week, this is in large part due to the market anticipating a few consecutive big days of economic data and announcements next week. On Tuesday we’ll see US inflation data released followed by an […]
Which are the world’s most valuable currencies?
On a daily basis a currency’s value will change against another. When looking at their relative strength, it’s common to compare them against one of the major reserve currencies like USD, EUR or GBP. Using data from Nov 2022 , we’ve compiled a list of the world’s ten most valuable currencies and explained why they have […]
Sterling continues to gain against USD
It’s been a pretty quiet week once again for the UK economy. There have been no major economic data releases, events or political activity. Sterling has to therefore benefitted from a comparatively negative week across the other side of the Atlantic. This week saw ‘worse than expected’ manufacturing and employment data which has had an […]
