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...
by Prem Raja | Mar 27, 2022 | Brexit, EU, EUR, FX, GBP, USD
We are now entering the end of the month and the financial year- currently, GBPEUR is sitting at 1.20 and GBPUSD is just under 1.32. After a pretty hot CPI release for the UK, and a relatively disappointing budget- GBP has been under pressure over the last couple of...
by Prem Raja | Mar 20, 2022 | EU, EUR, FX, GBP, USD
Last week we saw Pound Sterling exchange rates fall following the Bank of England decision to raise interest rates by 25bps to 0.75%. Members voted 8-1 in favor of the hike and signaled that there will be fewer hikes this year than initially priced in by the market...
