Audere Solutions

Audere Interest Rate Monthly Market Update - November 2024 If you would like to speak to a senior advisor at Audere contact us on the links below. Francesco Podestà Email: f.podesta@auderesolutions.com Phone: +44 020 3655 5583 #auderesolutions #interestrates #interest #inflation #ECB #SNB #CPI #swaps #hedging

Audere Weekly Foreign Exchange Market Update ~ 24 September 2024. #auderesolutions #fx #foreignexchange #gbpusd #gbpeur #eurusd

Deloitte’s quarterly survey reveals that UK finance professionals may be feeling more upbeat about prospects, but that this is yet to translate into a willingness to take greater risk onto balance sheets. Francesco Podestà, Head of the advisory team at Audere Solutions had the pleasure of sharing his thoughts with Euromoney. Summary below: Each industry is facing different hurdles, some of which started with Covid in 2020. In any case the could be positive events that would enable more investing from companies going forward: Stable debt capital markets: even though Covid’s impact had largely faded by 2022, a large cohort of mid and large companies postponed their refinancing activities during 2022 and 2023 to avoid an increased Margin while facing higher floating interest rates. We understand from our network that financing conditions are improving in several directions and stable debt capital markets will allow refinancing at reasonable terms and unlocking business initiatives. Stable or lower interest rates: it was wishful thinking to expect interest rates to drop in H1 2024, but economic data are now trending in a direction that could allow the BoE to cut rates sometime in H2 2024. In any case, if inflation will continue its move towards 2%, CFO’s will be relieved from a big burden. Clear credible fiscal policies: In an election year, political parties trade on proposed policies for the years to come. A stable government with clear policies will reduce the margin for error in taking new investment initiatives. Sadly, elections are expected late in the year, so the relief won’t come very soon. Better economic outlook: Certain sectors have been punished more than others, but all of them are affected by stagnant economies in the UK and Europe. Avoiding recession was the main concern for 2023 and growth below expectation seems to be the main concern for 2024. Investing cannot be done on hope, and for some companies, economic recovery will have to begin as a prevailing macro trend for companies to trigger long-term initiatives." #auderesolutions #interestrates #deloitte #debtcapital #capitalmarkets #fiscalpolicy #economicoutlook

Deloitte’s quarterly survey reveals that UK finance professionals may be feeling more upbeat about prospects, but that this is yet to translate into a willingness to take greater risk onto balance sheets. Francesco Podestà, Head of the advisory team at Audere Solutions had the pleasure of sharing his thoughts with Euromoney. Summary below: Each industry is facing different hurdles, some of which started with Covid in 2020. In any case the could be positive events that would enable more investing from companies going forward: Stable debt capital markets: even though Covid’s impact had largely faded by 2022, a large cohort of mid and large companies postponed their refinancing activities during 2022 and 2023 to avoid an increased Margin while facing higher floating interest rates. We understand from our network that financing conditions are improving in several directions and stable debt capital markets will allow refinancing at reasonable terms and unlocking business initiatives. Stable or lower interest rates: it was wishful thinking to expect interest rates to drop in H1 2024, but economic data are now trending in a direction that could allow the BoE to cut rates sometime in H2 2024. In any case, if inflation will continue its move towards 2%, CFO’s will be relieved from a big burden. Clear credible fiscal policies: In an election year, political parties trade on proposed policies for the years to come. A stable government with clear policies will reduce the margin for error in taking new investment initiatives. Sadly, elections are expected late in the year, so the relief won’t come very soon. Better economic outlook: Certain sectors have been punished more than others, but all of them are affected by stagnant economies in the UK and Europe. Avoiding recession was the main concern for 2023 and growth below expectation seems to be the main concern for 2024. Investing cannot be done on hope, and for some companies, economic recovery will have to begin as a prevailing macro trend for companies to trigger long-term initiatives." #auderesolutions #interestrates #deloitte #debtcapital #capitalmarkets #fiscalpolicy #economicoutlook

Monthly Foreign Exchange Market Update - March 2024 #auderesolutions #fx #foreignexchange #gbpusd #gbpeur #eurusd

A lot of Euro watchers will be using EURUSD as their major bellweather for the state of the single currency; it's the largest pair, gets the most news coverage. It's also therefore the noisiest. Clearer signals for the EUR can be found elsewhere, in our opinion, in EURSEK more than anywhere. For us we can see the euro battling back against high beta currencies before swooning later in the year. Treasurers or finance functions long of euros who want to hedge probably have 2 months to do so.

〽 Audere FX Market Review & Outlook 2024 covering the 19 currencies our clients trade the most. If you would like similar analysis for a different currency pair, provide a thumbs up and comment on the post! ⁉ Jeremy Thomson-Cook Email: j.thomson-cook@auderesolutions.com Phone: +44 (0) 203 884 1007 #auderesolutions #fx #foreignexchange #gbpusd #gbpeur #eurusd

Audere Solutions is delighted to announce we will be partnering with Dakota Advisory, a specialist treasury consultancy. Dakota has extensive practical and “hands-on” experience working with private and listed companies with cash, debt, banking and operational treasury management issues. We believe that combining Dakota’s offering with Audere’s market-leading hedge advisory service makes for a compelling client proposition.    A big welcome to the Dakota team from all of us at Audere. You can read more about the business here: www.dakotaadvisory.co.uk