Cosmos Currency Exchange Ltd

Cosmos Currency Exchange Ltd Cosmos has access to over 35 currencies to and from over 50 countries around the world.

’re Losing Money on Every International Transfer You Make -Director of Cosmos Currency Exchange -Award Winning Foreign Currency Exchange Expert Cosmos Currency Exchange is an award winning pro-active relationship based full service currency exchange business catering to both personal and business clients. Cosmos pro-actively monitors the currency markets to alert clients to opportunities within the clients chosen timeframe.

The Laffer Curve illustrates the relationship between tax rates and tax revenue. It shows that revenue is zero at a 0% t...
25/06/2026

The Laffer Curve illustrates the relationship between tax rates and tax revenue. It shows that revenue is zero at a 0% tax rate (no tax collected) and also zero at 100% (no incentive to work or earn). Between these extremes lies an optimal rate that maximises revenue. Beyond that point, higher rates discourage work, investment, and reported income—sometimes pushing activity into the black market—so revenue actually falls even as rates rise. It's used to argue that cutting excessively high tax rates can sometimes increase revenue, though its exact shape and the location of the optimal point are heavily debated.

Tony Redondo, founder at Newquay-based Cosmos Currency Exchange, said the markets were giving Andy Burnham, the expected...
25/06/2026

Tony Redondo, founder at Newquay-based Cosmos Currency Exchange, said the markets were giving Andy Burnham, the expected new Prime Minister and replacement for Keir Starmer, the benefit of the doubt.

He added: "As ever in currency markets, value is relative. On the Pound side, elevated UK bond yields remain a key driver while the carry trade still matters: the 10-year gilt yield sits 63% above the German Bund and 29% above the French equivalent, drawing capital into the Pound versus the Euro provided global sentiment stays constructive, currently helped by the US-Iran peace accord.

"Markets also seem willing to give Andy Burnham the benefit of the doubt or have simply priced in the 'least-bad' outcome. On the Euro side, yesterday's Eurozone PMI showed inflationary pressures easing sharply in June, reducing expectations of further ECB hikes and weighing on the single currency.

"Still, it's early days in the UK's transition, with key risks ahead including a leadership contest or coronation, a snap election, and the next Chancellor's identity. Winners: UK businesses importing from the EU, British holidaymakers heading to the Med, and anyone buying property on the continent."

Feels like a rare win for Brits abroad

Currency Alert – The US Dollar & the Pound – 24.06.2026The Pound has sunk to its lowest level against the US Dollar sinc...
24/06/2026

Currency Alert – The US Dollar & the Pound – 24.06.2026

The Pound has sunk to its lowest level against the US Dollar since November 2025, a seven-month low.

JPMorgan has turned bullish on the US economy and the Dollar's outlook for the second half of the year, arguing that global growth is recovering but "Dollar exceptionalism" will persist, with US cyclical strength and yield dominance underpinning the currency. Fed rate rises will also play their part. Last week's Federal Reserve decision proved far more hawkish than expected, with new Fed Chair Kevin Warsh expressing a surprisingly strong commitment to fighting inflation, both Dollar-supportive.

On the UK side, the 10-year bond yield differential between the UK and US is much tighter, at 5.5%, compared with the UK's advantage over Germany (63%) and France (29%) leaving the UK with only a minimal carry-trade advantage over the US.

Add to this a UK political outlook still full of unanswered questions — will there be a leadership contest, or will Burnham simply be crowned? Will there be a snap general election? Who will be the next Chancellor? — and Brent crude falling below $76 a barrel for the first time since before the US-Iran war (easing inflation fears and reducing pressure on the Bank of England to raise rates), and the Pound is left vulnerable.

For Dollar sellers, the window of opportunity is open.

Tony Redondo, founder and director of Cosmos Currency Exchange said: "UK gilt yields face upward pressure, with the 2, 1...
23/06/2026

Tony Redondo, founder and director of Cosmos Currency Exchange said: "UK gilt yields face upward pressure, with the 2, 10, and 30-year at 4.21%, 4.81%, and 5.5%, carrying a considerable risk premium over economic peers with the benchmark 10-year bond yields for the US (4.48%), France (3.72%), and Germany (2.96%).

"While long-dated gilts are higher than the 5.1% peak of 28 September 2022 Truss mini-budget shock, trading lacks that era's chaotic LDI pension fund panic, reflecting a gradual global adjustment to debt and structural inflation instead."

He added: "Adding to market calculations is the political transition following Andy Burnham’s Makerfield by-election victory and Keir Starmer’s resignation this morning. Ahead of an autumn transition, the City is hyper-focused on Burnham's choice for Chancellor. Selecting Ed Miliband would signal aggressive green borrowing that would likely unnerve already wary bond markets.

"Opting for Yvette Cooper would be seen as offering orthodox fiscal discipline. The gilt market's ultimate trajectory depends on whether Burnham's Treasury leans toward radical spending or traditional restraint and a fresh focus on economic growth."

The Prime Minister's resignation has sparked investor anxiety and inflation fears.

Why Our Obsession with Certainty Hinders Us in Times of Turmoilby Hamish Knox, https://sandler.com/Humans are certainty ...
22/06/2026

Why Our Obsession with Certainty Hinders Us in Times of Turmoil

by Hamish Knox, https://sandler.com/

Humans are certainty obsessed. It’s why we tend to overcorrect in a crisis because the certainty provided by watching from the sidelines is more comfortable than being even one inch on the pitch where risk exists.

Given all the changes we’ve experienced, and continue to experience, in 2026 an obsession with certainty will do us more harm than good. As Tara Swart, Kitty Chisholm and Paul Brown write in Neuroscience for Leadership, “agility of thinking, adaptability and tolerance for ambiguity will be more highly valued than strong technical skills alone.”

Someone with significant experience making choices during uncertainty, Colin Powell, believes that we can make a good decision with 40-70% of total information about a situation (The 40-70 Colin Powell Rule, Matthews Mtumbuka, The National, February 12, 2015).

For some leaders, those in the “fire-ready-aim,” camp might feel like 40% is a stretch. For many leaders, especially those that come from the technical or operational side of the business, 70% might as well be zero because of the ambiguity inherent in the “missing” 30%.

Another part of our obsession with certainty is uncertainty means ambiguity, which humans can tolerate for a little while. Sustained ambiguity becomes anxiety, which causes all sorts of chemicals to be released into our blood as we prepare for fight, freeze or flight.
Anxiety quickly turns to fear, which humans don’t like. People who like horror movies watch for the surprise, not to be afraid. Fear is a low-level stressor which, long term, creates all sorts of damage mentally, emotionally and physically. Unfortunately, if we are obsessed with certainty fear becomes our “normal” state, which roots us to our status quo.

Because our brain is wired to keep us “safe,” which really means “stuck,” we need to proactively overcome our obsession with certainty. The following five activities, done alone or in combination, help in overcoming our brain’s wiring and allow us to act even in the face of uncertainty.

1. Commit to one small proactive activity daily – we’re socialized to believe that massive action is necessary. Sometimes that’s true, but as, Jeff Bezos said, “all overnight success takes about 10 years.” Doing one small proactive activity – whether that’s one jumping jack, calling one friend or writing down one idea to grow our business – creates forward momentum towards an uncertain future, but it takes us away from the certain fear in which we wallow currently.

2. Write down the worst-case outcome – David Sandler believed when faced with a difficult choice the best action to take is to write down the worst-case outcome that could arise from making that choice. If he could live with the worst-case outcome, then he made the choice. If he couldn’t then he figured out an alternative worst-case that he could live with then acts based on that potential worst-case outcome. Writing down is crucial because doing this exercise in our head results in an ever-expanding spiral of worst-case outcomes invented by our brain to prevent us from moving towards uncertainty, which isn’t “safe.”

3. Create a choice trap – to leverage Colin Powell’s 40-70 rule write down all the information we require to make a clear choice then rank those bits of information from “non-negotiable” to “nice to have” (the whole list *can’t* be the former). Once ranked, we create the trap by committing to making a choice once we gather between 40 and 70% of the information on our list. Sharing this information with a trusted adviser and getting them to hold us accountable traps us into following through on our commitment.

4. Practice making quick choices –we’re less obsessed with certainty when our choice-making muscle is strong. Practicing making quick choices strengthens that muscle. Like choosing what to order from a restaurant before arriving or picking a different beverage at happy hour. Those examples may seem silly, and they are the type of small choices that our brain will likely let us get away with until our muscle is strong enough to make larger choices quickly.

5. Adopt a “no bad choices” mindset – the choices we make tend to be judged “bad” or “good” after the result of the choice is known. To overcome our obsession with certainty we adopt a mindset that we don’t make bad choices. By adopting this mindset, we also forgive ourselves in advance for making a choice with available information in the moment and give ourselves permission to adjust that choice when new information becomes available. As a friend of mine once told me, marrying his first wife was the best decision he had made. He subsequently got new information that caused him to make a new “best” decision 😊

Our obsession with certainty is comforting and ultimately does us a disservice. Waiting for “enough” information to arrive provides certainty and a view of the backs of our competitors who chose action. History tells us that those left behind typically don’t catch up.

Hamish Knox founded Sandler in Calgary in May 2011. He and his team help lower mid-market organizations sustainably scale so they can eventually successfully exit. He is the author of two books, Accountability the Sandler Way and Change the Sandler Way, and is a sought-after speaker on topics such as scaling, change management and accountability. In March 2026 he completed the Birken, a 53-km cross country ski race over two mountain ranges between Rena and Lillehammer in Norway.

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