by Prem Raja | Nov 21, 2021 | Brexit, EU, EUR, FX, GBP, USD
The Pound had a great week last week after a number of supportive data releases in the UK including positive employment numbers, rising inflation, and an improvement in Retail spending. All three of these have now put the idea of an interest rate hike from the BoE...
by Prem Raja | Nov 14, 2021 | EU, EUR, FX, GBP, USD
November has already shown itself to be a very volatile month with ranges on GBPEUR between 1.16-1.18 and GBPUSD ranges between 1.33-1.36. Of course, the main reasons for this volatility were due to Central Bank decisions- the first being the Fed beginning their...
by Prem Raja | Nov 6, 2021 | Brexit, EU, EUR, FX, GBP, USD
This last week was pretty rough for Sterling exchange rates- as I explained in my previous article there were two major events last week, the Fed and the BoE. The market had been positioning for the Bank of England to raise interest rates in November/December with two...
by Prem Raja | Oct 31, 2021 | Brexit, EU, EUR, FX, GBP, USD
October was a relatively strong month for Sterling with pretty hawkish comments coming from the Bank of England over the month giving markets an opportunity to begin pricing in interest rate hikes before 2022- and more next year. We have seen GBPEUR rise from 1.15 to...
by Prem Raja | Oct 17, 2021 | EU, EUR, FX, GBP, USD
It was a great week for Euro buyers following hawkish commentary from the Bank of England stating that interest rates may have to go up in November/December which pushed the GBPEUR price to 1.1850- the highest we have seen since the pandemic began. The reason for the...
