by Prem Raja | Jul 25, 2021 | Brexit, EU, EUR, FX, GBP, USD
It has been yet another volatile week on the FX markets with sentiment being very risk-off on Monday morning and Sterling beginning the week on the back foot, with lows against the Euro of 1.1530 and lows against the U.S Dollar of 1.3570. Amazingly enough, Sterling...
by Prem Raja | Jul 18, 2021 | EU, EUR, FX, GBP, USD
Over the last week, we saw Sterling exchange rates rise above 1.17 against the Euro before closing the week at a level of 1.1650. Sterling has remained slightly weaker against the U.S Dollar as investors have flocked to the Dollar for safety recently given more...
by Prem Raja | Jul 11, 2021 | EU, EUR, FX, GBP, USD
Sterling to Euro exchange rates have settled in a positive area over the last week with prices staying in the 1.16-1.17 area- and we have finally seen a slight reversal in Dollar strength as of Friday which has brought prices up from 1.37-1.39. The UK saw a...
by Prem Raja | Jun 27, 2021 | EU, EUR, FX, GBP, USD
We saw GBP exchange rates soften after a strong run up to the Bank of England interest rate decision on Thursday, the reason for the sell off was more of a “Buy the rumour, sell the news” event as no shift in monetary policy was expected- and it seems...
by Prem Raja | Jun 20, 2021 | EU, EUR, FX, GBP, USD
It was another volatile week following the Fed meeting in the U.S- when Jerome Powell signaled to the market that talks of tapering QE may begin later this year (Expectation is Jackson Hole in August)- which has begun to set fears into the market. We saw the Dollar...
