Exit polls are reflecting what was widely expected: a widespread rejection of Syriza and incumbent PM Tsipras. The New Democracy Party led by Kyriakos Mitsokakis has a clear lead with 38% of the vote over Syriza with approx 28%. This will further strengthen Greece’s standing and build on its recent acceptance by the capital markets reflected in its return to the bond market.
This weekend has seen Boris Johnson predicted to win 75% of the Conservative Vote for which voting will close on Thursday following a TV debate on Tuesday between BJ and Jeremy Hunt. Labour have seen their support slump to 18% of the electorate polled and while Corbyn continues to resist projecting a concise and unequivocal position on Brexit, most of his party are begging him to come out in favour of Remain. GBP remains unchanged in early Asian trading following the sell off on Friday evening following a strong USD on the back of the employment stats.
The FY 2020 Budget has thrown up an array of statistics as the new finance minister Nirmala Sitharaman seeks to reinvigorate the economy, the most striking of which is the challenge represented by having a 45 year high unemployment rate of 6.1%. In India that means more than 30 million people looking for work. That is a lot of UB40s.
Just under an hours drive south west of Palermo in Sicily is a ghost town named Poggioreale abandoned since 1968 when it was hit by an earthquake. 50 years later the Mayor of the nearby New Poggioreale has hatched a plan to repopulate Poggioreale. Anyone with €1 can apply to buy a house. One important point is that every successful buyer must be able to demonstrate both the ability and the willingness to spend €50,000 on doing up their new bargain property. So if this appeals, get in touch with Mayor Girolamo Cangelos and stake your claim. That Sicilian sunshine is less than 3 hours away from the U.K. on BA, Easyjet or Ryanair!
Kent lovely Kelly Brooks revealed all this weekend: pie+chips+Guinness= an extra 2.5 stone or 16 kilos for her. Fortunately she has belatedly figured this one out and has dropped kilos, dress sizes and yup the pie, chips and Guinness. Good for Kelly!
Discussion and Analysis by Humphrey Percy, Chairman and Founder
Click Here to Subscribe to the SGM-FX Newsletter
Related Insights
Daily Brief – Chancellor Reeves
Humphrey Percy
Wed 5 Nov 2025
Chancellor Reeves Market observers were no better informed at the end of the Rachel Reeves speech than they were at the outset yesterday morning. The only surprise was that having comprehensively floated options in the past two months for inclusion in her November 26 Autumn Statement, that the Chancellor should have elected to speak at […]
Daily Brief – Eurozone Growth
Humphrey Percy
Wed 17 Dec 2025
Eurozone Growth Those productive Germans have for the second month been less productive it turns out in December which was a surprise to the pointy heads deputed to monitor EU stats. The story is as follows: the German services sector remains relatively resilient but manufacturing output has declined. At present the French economy is doing the […]
Daily Brief – European Job Vacancies
Humphrey Percy
Mon 22 Dec 2025
European Job Vacancies Here’s a chart which made us sit up and reflect on how things differ across the larger European economies. Looking at job vacancies in 2020 at the time of the pandemic versus today, France and Germany have approximately 15% more jobs on offer whereas Spain has 53% more and Italy a stonking […]
