What does the UK election mean for my money?


Hey Juno community!


We've got an exciting announcement – the brand new version of our app is almost here!


But before we launch, we want to give YOU the chance to share your feedback. Sign up to become a beta tester below, and scroll down to learn a little bit more about what's going on behind the scenes at YourJuno


In the news, the UK leadership election is coming to a close (and with that comes new policies), Zoom shares have taken a dive, and the Euro falls below parity with the dollar.


Have a great Thursday!


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In the news this week...

1. What the UK election means for your money


What's happening?

The UK leadership election is soon coming to a close, which means that the new Prime Minister – and their economic ideas – will soon be in place.


Both candidates have ruled out a freeze on energy prices as suggested by some energy firms. Liz Truss has promised support for households on bills, but the shape that aid could take still hasn't been made clear.


What does this mean for me?

With Liz Truss currently slated to win the election, it's more likely that her policies will come into play. She's promising big tax cuts and a possible suspension of the green levy on energy bills, but Sunak says this might just push inflation up further.


Learn more...

🇬🇧 Get the DL on the possible economic outcomes in the UK that could come out of this election.


2. Zoom shares have fallen 14% as post-pandemic life bites


What's happening?

Zoom's Q2 revenue missed targets, and that means that shares are down 14%. They've also lowered their revenue projections for next year, blaming market conditions.


What does this mean for my money?

It's hard not to wonder whether Zoom's problems are to do with the market downturn or just a result of the reduced demand for their technology post-pandemic. Their shares have fallen 54% so far this year, while the S&P has only fallen 13%.


Learn more...

👩‍💻 Here's what their CFO had to say about Zoom's struggling performance.


3. The Euro is now worth less than the Dollar, and has hit its lowest value in 20 years


What's happening?

On Monday, the value of the Euro hit $0.999. This is the second time this year that the Euro has fallen below parity with the dollar, which means that it's worth less than the US currency. Meanwhile, the value of the dollar has risen 12.7% since the start of the year.


What does this mean for my money?

The Eurozone (the area in which the currency is used) has reported an annual inflation rate of 8.9%, and the natural gas supply shortages after the war in Ukraine started has continued to create uncertainty. All in all, it's not so surprising that the Euro's value isn't looking so strong.


Learn more...

📉 Forbes' breakdown gives you the full picture behind the slumping value of the currency.


What's going on in the community?

1. We want you to be part of our brand new app launch!


Our community has been such a huge part of what we've created at YourJuno so far, and now we want to give you the chance to be a part of the next steps.


We've got a LOT of new features ready to share with you, but first we want yourinput. We're looking for 10-20 beta testers who can put our app to the test, check for any bugs that we haven't spotted, and give us their feedback.


Want to be part of our next big launch? Sign up to become a tester below!


2. 4 smart money moves for women in their 40s


Whatever age you are, it's never too late to level up your personal finance game


Our latest blog post is all about what you can do if you're in your 40s and want to improve your future finances.



 

Financial disclaimer: Juno is an education-only platform. If you are unclear about anything concerning our services please do not hesitate to contact us at margot@herjuno.com. Please note that we do not provide any financial planning, accounting, investment advisory or tax advisory or planning advice. If you need financial advice please contact an independent financial advisor. Juno’s content has been prepared exclusively for the informational and educational purposes of our users. Nothing on the Juno platform constitutes an offer to buy or sell or an inducement to buy or sell any security, product, service or investment. The content available on Juno does not constitute investment advice nor does Juno provide any warranty or guarantee as to the accuracy, completeness or suitability of the information provided for any particular individual purpose. As Juno is an education-only platform, it is not regulated by the Financial Conduct Authority nor is its content protected by the Financial Services Compensation Scheme.