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The Peso remains a lottery - with an election in 3 months and the continuing 'red under the bed' narrative.

The sun will rise again. In fact for many it is already showing signs of an appearance and even Colombia still has a story to tell.

It's hard not to be happy when your President announces from Brussels that 2021 growth will be at least 10.2% in 2021

When taken in conjunction with the big decline in Consumer Confidence which was reported a fortnight ago, there are reasons for concern.

There is little question that the country is going in the right direction, even the unemployment data for September was considerably better than expected.

The proposal allocates 209.1 trillion pesos for government operating costs, 2.6% more than this year, while proposed debt payments would rise 1.6% to 71.6 trillion pesos.

Some of this may finally be starting to filter through to both the stock market and Peso - both have outperformed the region over recent sessions.

We have seen a slight rebound over recent sessions as the peso recovers from the perfect storm of a lost investment grade, a wobbly oil price and forthcoming elections. Another major factor for the peso will be exports and there was good news on that front for July.

Reportedly 100 new ideas have been added to Colombia's second attempt at tax reform this year, and four original provisions have already been axed.

Colombians are very much ‘on the road’ this week, there may be strict limitations in terms of religious processions and gatherings however in order to compensate themselves, the populace have scattered themselves to the winds. A week or so ago I made mention of a...