by Prem Raja | May 22, 2022 | EU, EUR, FX, GBP, USD
After a relatively rough week on the market, Sterling exchange rates got a boost following better than expected retail sales figures out of the UK- with food and fuel sales both higher than the previous month. Many were looking for spending to collapse amidst the...
by Prem Raja | May 16, 2022 | Brexit, EU, EUR, FX, GBP, GDP, USD
Sterling opened on Monday on a softer note with GBPEUR trading around 1.1750-1.18 and GBPUSD trading between 1.22-1.23. Fortunately, a higher close on Monday has given hope for a better Tuesday. Sterling has a few risks surrounding it currently, one of which being...
by Prem Raja | May 2, 2022 | EU, EUR, FX, GBP, USD
It has been an incredibly volatile week- predominantly for GBPUSD and EURUSD pairs, with Cable falling to lows of 1.24 and EURUSD falling to 1.04 following massive Dollar strength. This has now put Sterling exchange rates in a strange position going into the new...
by Prem Raja | Apr 24, 2022 | EU, EUR, FX, GBP, USD
it was a relatively positive week for Sterling exchange rates with the GBPEUR price comfortably above 1.20 and GBPUSD above 1.30- that was until Friday- when we saw a much weaker than expected retail sales report released for the UK, coupled with consumer confidence...
by Prem Raja | Apr 17, 2022 | EU, EUR, FX, GBP, USD
Firstly, I hope you are all refreshed after the bank holiday- before we got our long weekend, we saw a very strong push on the GBPEUR exchange rate above 1.21 and GBPUSD above 1.31. What was most fascinating is this happened with no real economic data or news to fuel...
