by Prem Raja | Oct 20, 2024 | EU, EUR, FX, GBP, USD
On Friday we saw Sterling rise against the Euro above 1.20 following positive retail sales data, giving us the best GBPEUR exchange rate in over 2 years. Retail sales were expected negative,but thanks to good weather and more money in peoples pockets, spending picked...
by Prem Raja | Oct 12, 2024 | EU, EUR, FX, GBP, GDP, USD
Hello all! Apologies for the lack of reports over the last few weeks, I have been travelling but back in the UK now and back on the desk- so far we have had a pretty eventful month with escalations in the Middle East, plenty of news out of the Bank of England and the...
by Prem Raja | Sep 15, 2024 | EU, EUR, FX, GBP, USD
This week will most probably be the highlight for September; so far Sterling is in a good position as of the close on Friday, and we have a few releases through the week before we get to the Central bank meetings. On Monday we have Eurozone balance of trade data which...
by Prem Raja | Sep 8, 2024 | EU, EUR, FX, GBP, GDP, USD
There has been a significant risk off tone in the markets over the last two weeks- where we have seen stocks sell off, and consequently, Pound Sterling as well. GBPUSD usually gets hit the most in a risk off environment, alongside EURUSD, both down around 1.5% over...
by Prem Raja | Sep 1, 2024 | EU, EUR, FX, GBP, USD
August is generally a low liquidity month, however, we saw some pretty sharp moves on Sterling across the board with a rise on GBPEUR to 1.19, a drop to 1.15 and then a rise back to 1.19 again at the end of the month. We also got some concrete information from Central...
