What’s next for Bitcoin?

December 7th, 2017|Kwanji|

Bitcoin hit the $15,000 threshold for the first time today. The cryptocurrency has experienced an incredible surge in value; at the beginning of 2017, a single Bitcoin was worth under $800. The new record high comes after the announcement last week that a US regulator agreed to let two traditional exchanges, CME Group and CBOE [...]

What will the Brexit Bill mean for businesses?

November 30th, 2017|Kwanji|

Britain has agreed to fully honour its financial commitments as identified by Brussels. Currently, neither the UK government nor the EU have put a figure on the total amount but estimates imply that the payment will amount to about €40bn on a net basis. The Brexit Bill payment had been one of the main sticking [...]

How will the Autumn Budget affect your business?

November 23rd, 2017|Kwanji|

Yesterday, Phillip Hammond delivered his third budget as Chancellor and also the first UK Autumn Budget in twenty years. With the triggering of Article 50 and the snap General Election in June, the UK economy has withstood a series of significant shifts over the past year. The main headline grabbing news from the Budget was [...]

Will the new PSD2 regulations affect you?

November 17th, 2017|Kwanji|

The new PSD2 regime will be in force from 13 January 2018. PSD2 is an EU Directive which sets requirements for firms that provide payment services, and will affect banks and building societies, payment institutions, e-money institutions and their customers. As well as promoting innovation, PSD2 aims to improve customer protection, make payments safer and [...]

How to winter proof your business

November 9th, 2017|Kwanji|

1)  Evaluate your expectations of the Festive period and plan accordingly For some businesses, the Festive period is the busiest of the year, while for others it can be when things really quieten down.  Whichever category you fall into, you need to be fully prepared – especially when it comes to your finances. If you [...]

Sterling drops as interest rate is raised

November 2nd, 2017|Kwanji|

This afternoon, for the first time in 10 years, the Bank of England (BoE) has raised interest rates. The official bank rate has been lifted from 0.25% to 0.5%, the first increase since July 2007. The decision hasn’t come as a shock, especially as several strong hints have been dropped over the last few months. [...]

Brexit and Sterling this week

October 26th, 2017|Kwanji|

Confusion surrounding the Brexit negotiations has not been eased any this week causing the GBP/EURO exchange rate to continue to fluctuate. On Tuesday, Sterling rose to €1.123 against the euro following a higher than predicted consumer confidence index.   Rising from -1.2 to 1.0, it had recovered after three quarters of decreasing. However on Wednesday, Brexit [...]

Will May’s trip to Brussels help stabilise Sterling?

October 19th, 2017|Kwanji|

Sterling jumped against the euro as Theresa May flew to Brussels to hold special Brexit talks with European Union president Jean-Claude Juncker and chief negotiator Michel Barnier, in the hope of breaking the current deadlock in Brexit negotiations. Sterling hit 1.127 against the euro and 1.329 against the US dollar, with expectations that May [...]

What would no deal mean for Sterling?

October 12th, 2017|Kwanji|

Image credit - Think Stock Sterling rose during the first days of this week, following a steep fall last week, as political uncertainty eased and data on the industrial sector beat expectations. British factories had their best two months of 2017 in July and August, implying that the Bank of England remains [...]

May’s speech continues to weigh on Sterling

October 6th, 2017|Kwanji|

Credit - GettyImages At the annual Conservative party conference on Wednesday, Theresa May set out her plans for The British Dream.  Unfortunately, said dream was played out as much more of a nightmare, especially for sterling.  A heckler with a P45, a very persistent cough and a party motto literally falling off [...]

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